China's Xi in Zimbabwe to sign power infrastructure deals


(MENAFN- Saudi Press Agency) HARARE Safar 19 1437 December 01 2015 SPA -- Chinese President Xi Jinping arrived in Zimbabwe on Tuesday the first visit by a Chinese leader since 1996 amid expectations that he would sign deals to fund infrastructure electricity generation and other projects Reuters reported.

Zimbabwe and China's Import and Export Bank is expected to loan Harare more than $1 billion to fund the 600 megawatt (MW) expansion of Hwange coal power station officials said.

Xi plans to travel to South Africa on Wednesday where he will meet President Jacob Zuma and later co-chair the Forum on China-Africa Cooperation summit in Johannesburg.

Zimbabwean Finance Minister Patrick Chinamasa said four agreements on electricity generation including the expansion of Hwange would be signed as well as deals on road construction and infrastructure development during Xi's two-day visit.

China's Sinohydro Corp won the $1.5 billion bid to add two generation plants at Hwange in western Zimbabwe in October last year in the most ambitious move yet to tackle the country's crippling electricity shortages.
--SPA
15:55 LOCAL TIME 12:55 GMT


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