India extends $310m loan for Zimbabwe thermal power plant

This would help upgrade and extend the lifespan of the power plant.

Zimbabwe's vice president M Venkaiah Naidu said India would extend a $310m loan to the country for the upgrade and lifespan extension of a thermal power plant, local media report.

Hwange is Zimbabwe`s second biggest power plant with an installed capacity of 920 MW.

India will also lend $23m for the Bulawayo thermal power plant and $19.5m for the Deka pumping and water intake system in Zimbabwe.