Zambia, Zimbabwe Court Investors to Revive $5 Billion Hydro Dam

Zambia and Zimbabwe are ramping up efforts to secure investment for the long-delayed $5 billion Batoka Gorge hydropower project, as they revive a controversial plan to potentially source water from the Democratic Republic of Congo.

The Zambezi River Authority — a joint venture between the southern African nations that maintain the Kariba Dam complex — formed a team that will court investors in the proposed 2,400-megawatt facility that lies near World Heritage site Victoria Falls, Chief Executive Officer Munyaradzi Munodawafa said.