Mutapa, Indian firm seal US$455m Deal

CLOUDINE MATOLA The Mutapa Investment Fund (MIF) has sealed a US$455m concession agreement with Indian conglomerate Jindal Steel and Power Company for the rehabilitation of Units 1 to 6 at the the country’s largest coal-fired power plant, Hwange Thermal Power Station. The deal, structured as a public-private partnership, allows Jindal to finance, operate, and rehabilitate…