CATIC pledges $70 million loan for Coal Mining Expansion and Rehabilitation Project

$70M USD

Funder	China National Aero-Technology Import & Export Corporation (CATIC)
Recipient Organization	Zimbabwe Electricity Supply Authority (ZESA)
Country	Zimbabwe
Start Date	Dec 16, 2003
End Date	Jun 17, 2026
Duration	8,219 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`18091`

Grant Description

CATIC pledges $70 million loan for Coal Mining Expansion and Rehabilitation Project On 16 December, 2003, the Zimbabwe Electricity Supply Authority (ZESA) signed an MOU with China's National Aero-Technology Import and Export Corporation (CATIC) regarding a $70 million USD loan for a Coal Mining Expansion and Rehabilitation Project.

The purpose of this project was to rehabilitate and expand the coal-mining Wankie Colliery Company in Hwange, Zimbabwe. As part of the deal the Zimbabwe Electricity Supply Authority, represented by its company chairman, Dr.

Sydney Gata, would have offloaded its shares in the private Wankie Colliery to its own subsidiary, the Zimbabwe Power Company. It does not appear that this project ever came to fruition.

📚 Sources & References

Govt dithering blamed for ZESA woes
Hwange Colliery
Zim Companies Set to Clinch Major Deals Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.