Mauritius Prochem to invest in Zimbabwe solar energy, chemicals
Nov 18, 2014 - Mauritian solar power and chemicals firm Prochem is ready to invest in solar energy projects in Zimbabwe and is also planning to build a chemicals plant there, local media reported.
The Zimbabwe Independent on Monday cited Prochem head Patrick Koo as saying that the company has the resources to deal with Zimbabwe’s power deficit by betting on solar technologies. It is already looking for partners.
“We are in Africa to promote engineering support. This is what we promote. We are interested in investing in power energy,” Koo said, as quoted by the paper.
As for its chemicals business, Prochem is willing to spend as many as USD 20 million (EUR 16m) on a plant and a distribution centre in Zimbabwe. It would take two years to have it up and running, Koo has said.
About a month ago, Zimbabwean firm Green Rhino Energy Pvt Ltd unveiled plans to invest USD 400 million to build a 150-MW solar park in Zimbabwe’s Mashonaland East province.