Global investors eye RioZim thermal power project

Global investors eye RioZim thermal power project
Published: 06 April 2018
Five major global investors are vying to partner listed resources group RioZim Limited for its apparently lucrative multi-billion Sengwa thermal power project, management has said.

Interest in the project, estimated to cost $1,2 billion in the first of four phases, comes after Government relaxed indigenisation laws as part of a broader pro-business new political dispensation.

RioZim chief executive officer Bheki Nkomo said there was increased investor appetite for the project and the mining concern was currently engaged in discussions with potential investors.

"As a result of recent political developments, an improved indigenisation framework and tax incentives offered by the new administration for energy projects, we are pleased to note that investor appetite for the Sengwa Power project has improved."
- Business Weekly
Tags: RioZim,


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