Sengwa has reserves of 1,3 billion tonnes of coal and RioZim anticipates to tap into this to help ease power shortages in Zimbabwe which presently consumes 1 400 megawatts (MW) daily, down from 2 200 MW a decade ago.
LISTED resources firm, RioZim, says investors have renewed their interest in the $1,2 billion Sengwa thermal power project, after being scared away by policy somersaults and currency instability, which saw the introduction of bond notes in 2016.
RioZim chief executive officer, Bheki Nkomo, on Tuesday told delegates at a Mining Investors Conference that the firm lost the investor following an announcement that the country was set to introduce bond notes in 2016.
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