Zimbabwe eyes its own gas field
With a population of 2.4 million, Zimbabwe finds itself in a dire economic situation. Hyper Inflation is hindering the much-needed investment required to rebuild the country’s dilapidated infrastructure.
ZIMBABWE has the potential to develop a gas field capable of producing 9 trillion cubic feet over two decades from the proposed $3 billion Cabora Bassa Basin project.
The seismic campaign on the initiative began in July, and if the project proceeds, construction will span from 2023 to 2025. On completion, the field will yield 100 million cubic feet daily for 20 years. The gas recovered will be supplied to a gas-fired power plant developed by Tatanga Energy with an estimated 500 MegaWatt capacity.
The Cabora Bassa Project consists of the Mzarabani and Msasa conventional gas-condensate prospects. Situated in a special grants zone, the development will cover 250,000 acres.
Ongoing projects in the southern African nation include the $4.2 billion Karo Resources platinum mine located in the Great Dyke, Mashonaland West District. Being constructed on a develop, build, operate basis, the integrated platinum facility will produce 1.4 million ounces of refined platinum group metals annually. Karo Refining will include the concentration, smelting and refining to produce the metals and incorporate a base metal and precious metal refinery.
Construction also continues on the $30 million Glen Hume gold mine and $17 million 29 MegaWatt Blank Mine Solar PV plant.
Zimbabwe has also committed to delivering 200,000 affordable housing units nationally in an $8 billion initiative with the private sector. To date, the Urban Development Corporation of Zimbabwe has invested $65 million into the Knock Mallock Estate in Mashonaland West and $20 million into the Manresa Estate in Harare.
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