[miningmx.com] – CHINA Power Investment (CPI) is considering buying a coal mine in Zimbabwe from Rio Tinto which it will use to feed a power plant that would have an initial cost of $2.2bn, said Bloomberg News.
“We are really willing to work with the government of Zimbabwe and make our own contribution to power development,’ CPI president Lu QizhouLu is reported to have said while on a visit to Zimbabwe’s Harare.
CPI was still carrying out the research on the power plant but at 1,200MW in its first phase it could double Zimbabwe’s power capacity, Bloomberg News cited Zimbabwe finance minister, Patrick Chinamasa, to have said.
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