Cement maker PPC Zimbabwe finds investor for solar project
Published by Emily Thomas,
Deputy Editor
World Cement,
Pretoria Portland Cement (PPC) Zimbabwe, has found an investor to build and operate a 32MW solar power plant, to be located at the site of PPC’s clinker factory in the town of Colleen Bawn, Matabeleland South province.
The project will supply half of its 16MW output to the company itself, while the remaining half is to be fed into the national grid.
PPC Head of Operations, Mr Marvellous Sibanda, said: “We ran a tender system and we have selected the prospective provider of the technology.”
“We have signed everything, so now they are at the stage where they are raising the funding to implement the project.”
“At the moment we can’t disclose but it’s a local company based here in Zimbabwe with technical partners in South Africa.”
Project financing is now being arranged, with construction of the PV farm expected to take 18 months.
This article was first published here: https://bit.ly/3ea8oHt
Read the article online at: https://www.worldcement.com/africa-middle-east/08072020/cement-maker-ppc-zimbabwe-finds-investor-for-solar-project/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.