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Energy: Zambia and Zimbabwe relaunch a $5 billion hydroelectric project

06/05/2025
Source : ORISHAS FINANCE
Categories: Sectors

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La Zambie et le Zimbabwe are seeking to relaunch their energy cooperation in order to fight against the untimely power outage.

The drop in the level of the Kariba dam, compounded by El Niño, threatens the stability of their already fragile economies. Indeed, the Zambian and Zimbabwean governments are preparing to relaunch the Batoka Gorge hydroelectric megaproject, estimated at 5 billion dollars. The project mainly aims to provide an appropriate response to the energy crisis that has affected both countries for several months. For this reason, the governments authorized the Zambezi River Authority, the joint entity responsible for the management of the Kariba dam, to seek new investors for this 2,400 MW power plant. According to the Director General of the Authority, Munyaradzi Munodawafa, “the objective is to mobilize the necessary resources within 12 to 18 months, subject to investor confidence, market conditions and the continued bilateral support of the Zambian and

Zimbabwean governments.”

From given es of the US Department of Commerce mention that 83% of the electricity produced by Zambia comes from hydropower. Offloads reach up to 20 hours a day in Lusaka, causing $1.3 billion in losses in 2024

.

Outages exceed 18 hours in Zimbabwe, and production at the Kariba South power plant has fallen by more than 80% since the last quarter of last year, forcing many households to use wood or gas for cooking. In an attempt to sustainably secure the dam's water supply, the authorities are examining a project to transfer water from the Congo River, to the tune of 16 billion m³ per

year.
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