In a recent turn of events, the Batoka Hydropower construction contract will be retendered and new bidders selected. The Zambian and Zimbabwean governments are retendering the US$5 billion hydropower plant contract after having previously awarded it. The construction contract had been awarded to General Electric and Power Construction Corp of China earlier. The officials involved are expected to select new bidders by the end of September, next year. The Zambezi River Authority, a joint venture of the two countries that maintains the Kariba Dam complex is mandated with the selection. They…
The Mega US$5 Billion Batoka Hydropower Construction Contract to be Retendered
