Zimbabwe Power Company – newzimbabwevision

‘Zimbabwe’s Multimillion Dollar Power Contracts Awarded To Drug Dealers, Corrupt, Bankrupt Companies’

Posted on May 4, 2016May 4, 2016 by newzimbabwevision

ZIMBABWE has put $600 million worth of the country’s critical power projects in the hands of a middleman accused of drug trafficking, and awarded big contracts to companies that are bankrupt or facing corruption charges, it can be revealed today. With the country desperate to rebuild its decaying energy infrastructure, dozens of foreign companies have tendered for lucrative Zimbabwe Power Company (ZPC) contracts to refurbish existing power stations and build new plants. The bulk of…

Zesa Holdings To Dismiss 700 Contract Workers & 300 Permanent Staff.

Posted on January 5, 2016 by newzimbabwevision

Zesa Holdings is set to fire close to 1000 workers as it has resolved not to renew their contracts in a bid to cut expenditure. Of the 1000, 300 are permanent employees “deemed redundant”. Quoting company sources, the Herald reports that current productivity levels were making it difficult for Zesa to sustain its strong workforce. Zesa Holdings, which has four subsidiaries, employs about 7 000 workers. “The company is trying to manage staff costs to…

Zimbabwe Awards Chinese Company US$146 Million Deal, To Set Up Solar Factory.

Posted on December 1, 2015 by newzimbabwevision

ZTE Corporation of China has plans to set up a solar equipment manufacturing plant after sealing a multi-million dollar solar energy deal with the Zimbabwe Power Company last month. The Chinese company inked the country’s first major national solar project with ZPC and Intratrek Zimbabwe for the construction of a 100 megawatt Gwanda power plant in a US$146 million deal. ZTE corporate account manager Tariro Lee said the setting up of a solar manufacturing factory…