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Labacorp Power targets to build 900 MW solar project in Zimbabwe, media

US based Labacorp Power Company targets to invest in Zimbabwe and is currently negotiating a contract for a 900 MW solar energy project with the authorities in that country, according to local media, citing Kudakwashe Taruberekera, founder and CEO of Zimbabwe*s Craft Properties. A team from Labacorp Power Company is expected by June 2019 in Harare, the capital of Zimbabwe, to explain the project to the government. The 900 MW from the project under preparation would significantly contribute to diversifying Zimbabwe’s energy mix, which is still dominated by thermal energy.
Labacorp Group is a diversified holding company with core business interests in key economic sectors spanning manufacturing, construction, power, real estate, agribusiness, and exhibition among others in Africa. The portfolio is comprised of wholly and partly owned businesses, and has a foothold in Africa, Middle East and North America.