ZCCM Investments Holdings (FR:MLZAM) has released an update.
ZCCM Investments Holdings has announced that Maamba Collieries Limited (MCL), partially owned by ZCCM-IH, has secured financing for a new 300 MW coal-fired power plant, expected to be completed by July 2026. The project, which is an expansion of MCL’s existing power generation capacity, will double the current output to a total of 600 MW, utilizing the existing infrastructure to support the new plant. The estimated cost of the project is USD 400 million, with the majority being debt-financed by a consortium.
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