Published: 19 December 2013

China Africa Sunlight Energy (Caseco) plans a $2 billion investment in the country over the next 12 years.

Caseco is a joint venture between Chinese Shandong Taishan Sunlight Investment Company and Zimbabwe's Oldstone Investments.

Caseco is currently finalising a $1,3 billion loan from Export-Import Bank of China that will see commencement of an integrated coal mining and electricity generation project.

Isaac Chihuri, Caseco's company secretary, said they intended to embark on various projects in the investment-starved country, including brick moulding, cement manufacturing, fertilizer production, a gas power station, liquid fuel and coke production among others.

Caseco's other ventures such as a coal washing plant, coking coal plant, methane coal bed gas extraction and an agrochemical processing plant will use up to $240 million.

Its cement production, brick moulding, tar production and liquid fuel projects among others require over $750 million.
- dailynews

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