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Geogenix BV, a German investor, is set to invest EU€304mn (approximately US$344mn) in a massive waste-to-energy project at Pomona dumpsite in the city of Harare, Zimbabwe
The Minister of Local Government and Public Works, July Moyo, said the investor was expected in the country in two weeks for the finalisation of the agreement.
“What is left is for them [Geogenix BV] to sign an agreement to start. They will sign the agreement with the City of Harare and we are expecting them in the next two weeks, but all the indications show that they are ready to start,” he said.
On Tuesday the Cabinet approved the joint venture agreement which will see the delivery of the waste-to-energy project which is expected to generate up to 22MW of electricity. Under the deal, the investor will design, build, operate and transfer the Pomona waste management facility to an energy plant.
Speaking after a Cabinet meeting on Tuesday, Information, Publicity and Broadcasting Services Minister, Monica Mutsvangwa, remarked, “The partnership is between the city of Harare and Geogenix BV for the Harare Pomona waste management and waste-to-energy plant project.
“The Government is encouraging local authorities to open up similar projects in other cities and towns as a way to ensure environmentally-friendly management of waste in the country.”
The agreement follows a feasibility study conducted by a reputable international and it is expected that the project will have a positive impact on Harare’s quest to go green.