The Lunzua Power Authority Ltd.’s CEO Elisha Tsindikidzo told Reuters that the project was anticipated to cost around $650 million which would be raised through debt and equity financing. The additional power would be used to help power copper mines as well as manganese mines, according to the CEO.
With constructed planned for 2013, Tsindikidzo said, “We have already mobilized commitments of interest for the financing and new equity partners should come on board by the end of this year.”
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