Dinson seals 400kV line deal
DINSON Iron and Steel Company yesterday signed a memorandum of understanding with Xian Engineering Enterprise, a subsidiary of China XD, for the construction of the 400kV transmission line between Sherwood and the Manhize Steel Plant.
The ceremony, which was held in Xi’an, China, yesterday, was presided over by Minister of Energy and Power Development Edgar Moyo, who was accompanied by Zesa executives, including executive chairperson Dr Sydney Gata, as the Government continues to lure more investors.
Speaking during the signing ceremony, China XD group chairman Diang Xialon pledged the company’s commitment to developing Zimbabwe’s energy sector.
China XD would always see Zesa as a crucial customer.
“Through this exchange visit and the signing of the cooperation agreement, we wish to strengthen our cooperative ties and jointly contribute to the flourishing of Zimbabwe’s power utility by a full chain of Chinese solution,” Mr Xialon said.
Mr Diang also reaffirmed China’s commitment to the agreement made between the presidents of the two countries.
“In recent years, supreme leaders from both nations as well as government officials have frequently visited each other and signed a series of cooperation agreement.
“In 2018 , President Xi Jinping and President Mnangagwa had cordial talks at China-Africa Cooperation Forum in Beijing, which injected new momentum and opportunities into bilateral relations development.
“The Belt and Road Initiative has continuously deepened and expanded cooperation between China and Zimbabwe in the fields of energy, infrastructure, investment, and trade, creating favourable opportunities for Chinese enterprises in Zimbabwe.”
In his remarks, Minister Moyo welcomed China’s continued cooperation and investment in Zimbabwe.
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