Shumba's P20bn plant targets 25,000 barrels of fuel per day
Friday, September 27, 2019
Core drilling at Shumba's Sechaba project
The plant, which Shumba expects to cost between $1.5 billion and $2 billion (up to P22 billion), is currently undergoing a bankable feasibility study.
Shumba has partnered with PowerChina International Group and Wison Group on the project, which will be powered by a one billion tonne resource of coal located at Mabesekwa in the Central District.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...