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Zambia, Zimbabwe Seal $4 Billion Power Deal
President Michael Sata who is on a State visit to neighboring Zimbabwe yesterday together with his counterpart Robert Mugabe witnessed the signing of the MoU on co-operation to jointly construct a US$4 billion 1,650 megawatt hydro-power station at the Batoka Gorge.The two Memorandums of Understanding signed were of Co-operation in Tourism and Youth Development.
Tourism and Hospitality Industry Minister Walter Mzembi and Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere signed on behalf of Zimbabwe while Zambian Foreign Affairs and Tourism Minister Given Lubinda signed on behalf of Zambia.
And Zimbabwe’s Herald Newspaper reports that speaking during a state banquette held in honour of President Sata, President Mugabe pledged Zimbabwe’s commitment to working with its Zambian counterparts in efforts to chart a successful future for the two countries.
President Mugabe described Zimbabwe and Zambia as Siamese twins, adding that the two countries are inseparable.
The Zimbabwean leader also hailed the signing of the MOU on co-operation to jointly construct a US$4 billion hydro-power station at Batoka Gorge, stating that such infrastructural projects are the enablers of real and sustainable economic development.
He said the project is as important to the two countries as it is to the whole Southern Africa region which is experiencing a critical power deficit.
And President Sata said Zambia and Zimbabwe’s relations, dating back to the pre-independence era, were founded on common traditions and cultural values.
He said Zambia could not celebrate its independence without the liberation of Zimbabwe.
Mr Sata said the signing of the two MoUs by the two governments would further enhance social and economic relations.
President Sata re-affirmed Zambia’s commitment to strengthening bilateral relations through increased economic co-operation in various areas, as identified by the Joint Permanent Commission of Co-operation.
The President Sata said since the two countries are landlocked, Zambia and Zimbabwe have made strides to make them land-linked through the Chirundu One-Stop-Border Post.
He said this had improved efforts towards trade facilitation particularly on the North-South Corridor and reducing costs on the route.
Mr Sata said the UNTWO General Assembly will shine the spotlight on Victoria Falls and Livingstone while showcasing the beauty and splendour of the Victoria Falls. President Sata said co-operation within the region was imperative.
QFM
Posted by
doc b
April 26, 2012 at 1:36 pm
Good one mr.president keep it up.
Mpanga ya sapa umwenda abakalabene
April 26, 2012 at 2:15 pm
Mr. President those are worthwhile state visits. Go only when it is really necessary. We are headed for greater things if we star realising these project. Ask Mr. Chikwanda and his counterpart to get their technical teams cracking to get the cheapest loans we can source even from our beloved and all weather friend The PROC.
Umupandapwiti
April 26, 2012 at 2:21 pm
Balemonekafwe nalibakola aba babili.
GUN
April 26, 2012 at 2:24 pm
Nice one,but what about our feeder roads? the rains are gone ‘poseniko amano ba guy’.
oxmos
April 26, 2012 at 2:35 pm
but Mugabe awoneka adwala maningi,kamutu!
Annoyed Tonga
April 26, 2012 at 2:43 pm
you have hidden my post
Annoyed Tonga
April 26, 2012 at 2:44 pm
but y displace the tongas again
bashi chalwe
April 26, 2012 at 2:45 pm
Atleast tabapontele ngaku Botswana, ZANUPF & PF at work…
chilu04
April 26, 2012 at 3:16 pm
president of all zambians at work.the best is yet to come,trust me.
CHINVINDINVINDI
April 26, 2012 at 4:21 pm
Ba President, has Zimbambwe PAID us for the Kariba gorge project?
If not, please, keep the Project on hold until we are paid in full.
Our neighbour behave as if we are daft!
Bala ng'ombe
April 26, 2012 at 6:25 pm
How much is this money in Kwacha basa?
Graduate
April 26, 2012 at 7:57 pm
That should be something like over 20 trillion zmk. How much z zambias budget? Whats the time frame for the same project?
Graduate
April 26, 2012 at 8:03 pm
I hope these 2 guys did not smoke that stuff.
Zambezi
April 26, 2012 at 10:51 pm
Mugabe tomfwako ne soni!!!becuase he has seen all the presidents of Zambian starting from KK,FTJ,Levy,RB and now King Cobra.Shame on him …he should leave power to some one else.
Field-Marshal Tungulu
April 27, 2012 at 12:48 am
Where is Zimbabwe going to find the money to pay its part of the bargain? These are useless MoUs, better sign with viable nations like Angola, not this circus of Sekuru.
tripoli
April 27, 2012 at 8:39 am
I THOUGHT BATOKA IS IN BAROTSE COUNTRY WHERE IS THE NGAMBELA’S SIGNATURE.
Kimbo
April 27, 2012 at 9:31 am
SATA NEEDS TO CONSULT. ZAMBIA HAD ALREADY REJECTED THE PROPOSED PROJECT IN 1997 AS THIS WILL KILL TOURISM IN L/STONE. IF THE DAM IS ERECTED, THEN THE VICTORIA FALLS WILL NO LONGER BE A WONDER OF THE WORLD- THERE CANT BE SMOKE ABOVE THE FALLS IF THE WATER IS FULL IN THE GORGE. THERE WONT BE ACTIVITIES LIKE BUNJI, RAFTING AND A LOT OF HOTELS WILL CLOSE IN LSTONE. THIS IS SERIOUS PLEASE CONSULT THE TOURISM MARKETERS ALL OVER THE WORLD. AM SURPRISE GIVEN LUBINDA WAS CONSENTING TO THIS GRAVY MISTAKE. ZAMBIA HAS ABUNDANT RESOURCES TO DRAW POWER FROM. ZAMBIA HAS BENEFITED A LOT FROM THE VICTORIA FALLS- THIS POWER WILL JUST BENEFIT ZIMBABWE AS ZAMBIA IS ALREADY SELF SUFFICIENT- LETS NOT BE FOOLED BY BOB.