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GE Wins Bid to Build $4 Billion Zambia-Zimbabwe Hydro Plant

June 21, 2019, 2:11 PM

Zimbabwe and Zambia chose General Electric Co. and Power Construction Corp. of China to build a $4 billion hydropower project straddling their border, Zimbabwean President Emmerson Mnangagwa said.

The 2,400-megawatt Batoka Gorge plant has been planned for years by the two southern African nations, both of which are struggling with electricity shortages after a drought curbed hydropower output. General Electric and Power China are in a consortium that was shortlisted in February to build the facility.

“Zambia and Zimbabwe have agreed on this project. We have all agreed that we give it to GE -- China Power and GE together,” ...