Green Fuel says it needs at least $300 million to build the Condo Dam, along with a 200-MW hydro powerhouse, and support expansion of its sugar cane plantations.
According to The Herald, Green Fuel is a joint venture between ARDA and Macdom and Rating Investments. The company has sugar cane plantations in Chisumbanje, Manicaland, Zimbabwe on about 10,000 hectares. However, the company says there is scope to expand this to 50,000 ha as part of its plan of becoming a regional ethanol company.
“Any further expansion is hinged on availability of water and that is the main hold back because the level of investment is too high,” says Basil Nyabadza, ARDA chairman.
The design stage of Condo Dam (also called Kondo) is complete, and water from Osborne, Rusapi, Ruti and Syia dams are currently used at the plantation. Condo Dam will be on the Save River, and work involves construction of a concrete-faced rockfill dam, an earthfill saddle dam, and a hydropower plant. Kondo Dam will store 3.5 billion cubic meters of water for power generation and irrigation.
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