Coal mine invests $900m in Maamba
ndian firm a a harat Ventures Group operating the 300 megawatt Maamba Coal Power Plant in Sinazongwe says over US$900 million has been invested into bringing operations to full capacity.
Chief executive officer Ashwin Devineni said the plant had been operating at full capacity feeding net 265MW of electricity onto the Zesco Limited national grid in the last three years.
Mr Devineni said this yesterday when he called on Zambia’s High Commissioner to India Judith Kapijimpanga at the Zambian Chancery in New Delhi, India.
He said the coal-fired electricity from Maamba Collieries would make a significant difference by providing base load power on a sustainable basis in the wake of challenges Zambia was experiencing with hydroelectricity as a result of poor rainfall.
In response, Ms Kapijimpanga said the Zambian mission would give full support to the Zambian company as it was making a huge difference in the country.
She said the group could create in excess of 500 jobs at its Kawambwa sugar plantation in Kawambwa district, Luapula Province, once government met the basic infrastructure development for the project.
Ms Kapijimpanga said the Zambian Mission was happy with the projected investment in Luena Farm Block in Kawambwa.
This is contained in a statement issued by first secretary for press and tourism at the Zambian Mission in India Bangwe Naviley.