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*Zimbabwe Power Company Cancels US$133 Million Tender*

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The Zimbabwe Power Company (ZPC) has cancelled the US$133 million tender for the repowering of Munyati Power Station awarded to an Indian company, Jaguar Overseas.

The firm failed to secure funding for the project, four years after winning the bid. The Procurement Regulatory Authority of Zimbabwe (PRAZ) has since given ZPC the authority to approach the next bidder in line with the Public Procurement and Disposal of Public Assets (PPDAP) Act.

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Jaguar Overseas was in 2015 awarded the tender to re-power the plant. The project inludes replacing 15 boilers with modern technology, refurbishing 2×50 megawatt steam turbines, overhauling cooling towers, water treatment plant, civil works, dredging and rehabilitating a weir on Munyati River for water supplies to the thermal plant. Jaguar Overseas has failed to secure funding to rehabilitate the power plant. The Indian firm only managed to raise only 15 percent of the required funding.

More: Herald

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