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February 24, 2025 at 01:53 PM
President ED Mnangagwa, accompanied by his two Vice Presidents, are in Beitbridge launching the Xintai Palm River Energy Metallurgical Industrial Park.
This massive project, valued at $3.6 billion, is expected to produce 3 million tonnes of iron, mild, and stainless steel products, making it Zimbabwe's second-largest steel producer.
The Xintai Palm River Energy Metallurgical Industrial Park is a game-changer for Zimbabwe's economy, aiming to transform the country's mining and energy sectors.
The park will feature a coking plant, a ferro-chrome smelting plant, and a 1,200 MW coal-fired thermal power plant, with excess power being fed into the national grid.
This project is a significant milestone in President Mnangagwa's vision for Zimbabwe's industrialization and economic growth.
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