[MugutiLorraine Masvingo Information]
February 24, 2025 at 04:39 AM
Today His Excellency President E D Mnangagwa will open a massive $3.6 billion Steel Plant in Beitbridge. The Palm River Energy and Metallurgical Special Economic Zone (SEZ) is a collaboration between the government, Xintai Resources, and Tuli Coal.
This project has already created 400 jobs and with an expectation of a creating another 2,000 jobs when it starts to fully function.
*Key Features of the Project:*
- _Coking Plant_: capable of producing one million tonnes of coke annually
- _Ferro-chrome Smelting Plant_: generating 100,000 tonnes of high-carbon ferro-chrome
- _1,200 MW Coal-fired Thermal Power Plant_: providing power for the industrial park and excess energy to the national grid
This major project will boost Zimbabwe's mining and energy sectors.
*#@mugutiLorraineMsvInfoDesk*