By Zivanai Dhewa

AKSA Energy, a subsidiary of Turkey’s largest power producer, Kaznci Holding is set to visit Zimbabwe to meet with Government over its plan to invest in the country’s energy sector, The Harare Post can reveal.

According to a reliable source within the company’s Tanzanian branch, AKSA has indicated that it is interested to partner Zimbabwe in a Build, Operate and Transfer (BOT) model for a specified period of time.

“Given an opportunity, we will operate for a period of 10 to 20 years before transferring everything to Zimbabwe,” said AKSA Director, Aleem Muji.

The proposal is aimed at establishing a fossil fuel plant (HFO) with a capacity to produce 700MW of electricity.

The country’s national demand for electricity stands at 2200MW, and is currently generating 623MW from Kariba Hydro-electric power station and Hwange thermal power station both contributing 246MW and 377MW respectively.

Zimbabwe is currently sitting at a deficit of 1577MW, and 700MW will go a long way in alleviating the long hours of load shedding currently bedevilling the nation.

The Harare Post has learnt it on good authority that the same company has the same fossil plants in Ghana producing 370MW and in Madagascar and Mali also producing 120MW and 40MW respectively.

AKSA is a well reputable company that was established in 1997 as a subsidiary of Turkey’s largest power producer (IPP).  It owns and operates 20 power plants in Turkey including Natural Gas HFO, Wind Farms and Hydropower Generating plants.