SHANGHAI Stock Exchange-listed CHiNT Electric Company has confirmed its commitment through the successful implementation of the 100 Megawatts Gwanda solar project after its local partner, Intratrek Zimbabwe, won a contract dispute in the High Court.
The globally reputable solar energy company has also committed to secure a multi-million dollar advance payment guaranteed to deliver the first quarter of the Gwanda project’s total power output within six months of time after advance payment.
The solar project which is set to be built in Gwanda, Matabeleland South province, appeared to have gone off rails after a contractual dispute between its local partner Intratrek and state power utility, Zimbabwe Power Company (ZPC).
The High Court ordered the parties to meet by early February to discuss the way forward and that any party that fails to play ball will be deemed to be in breach of the original dictates of the contract.
The company has proposed to implement the project in phases broken down into four modules of almost equal production Minister Gumbo said yesterday that Government was still keen on the Gwanda project and desirous to see its successful implementation.
He also said the Ministry of Energy was open to engage CHiNT’s local partner to discuss the way forward, as propounded by the High Court, once outstanding legal issues are resolved.CHiNT said it awaited the intervention of the Ministry of Energy to make a decisive intervention by exhorting parties to the deal to dialogue on the way forward as directed by the court, which would demonstrate Zimbabwe’s openness for business, as declared by President Mnangagwa
He also said that building excess power generation capacity through developing sustainable and clean renewable energy sources such as solar power represented an opportunity for Zimbabwe to earn the much sought after forex if it builds capacity to export into SADC.
With a staff compliment of over 29 000 worldwide, CHiNT has successfully installed an average of 5 000MW of solar generation plants worldwide, including power systems for Zimbabwe Electricity Transmission and Distribution Company.