Bloomberg News

Zimbabwe Power Co. to Explore for Gas in Lupane, Herald Says

October 25, 2011

Oct. 25 (Bloomberg) -- The Zimbabwe Power Co. will spend $12 million exploring for gas in the western district of Lupane, the state-controlled Herald said, citing Energy Minister Elton Mangoma.

The state-owned power company plans to drill five wells, each capable of producing about 5 megawatts of electricity, the Harare-based Herald said on its website. Zimbabwe has reserves of about 27 trillion cubic feet (765 billion cubic meters) of methane, the Herald added.

The Zimbabwe Power Co. is a unit of state-owned Zesa Holdings (Pvt) Ltd., Zimbabwe’s electricity utility.

--Editors: Ben Holland, Karl Maier.

To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.


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