Zimbabwe’s ethanol plant project worth US$500 million is set to kick off as the government has given Zimbabwe Bio-Energy the green light for its development at Nuanetsi Ranch in Mwenezi.
According to Masvingo Zanu-PF acting provincial chairman Cde, Paradzai Chakona, the project is expected to help the province attain targets set under Zim-Asset.
The largest Ethanol plant project in the country is expected to have more than 5000 employees and promote sugar growing by farmers.
Zimbabwe Bio Energy is a joint venture between a group of private investors and the Development Trust of Zimbabwe.
Masvingo Zanu-PF also added that the opening of the ethanol plant in Mwenezi is part of the province’s plan for accelerated implementation of Zim-Asset.
“We are looking for investors like ZBE which is prepared to set up an ethanol plant in Mwenezi using water from Tokwe-Mukosi dam,” said Masvingo
According to Masvingo, the country is keen on getting more people who can utilize water in Tokwe-Mukosi so that the dam project will not become a white elephant and so they can generate power from it. Nearly 3, 000 families were displaced by the dam project, which will become the second investment of its kind in the area, after the Green Fuel in Chisumbanje.