China and Zimbabwe have signed a $400-million hydroelectric-power infrastructure deal for the expansion of the 55-year-old Kariba South power station in the 180-billion-cubic meter reservoir-capacity Kariba dam, one of the world’s largest. Public Domain Image By Ben Bird The 55-year-old Kariba dam impounds the 280-km-long Kariba Lake and straddles the border between Zambia and Zimbabwe. Both countries now are involved in powerplant expansion projects at their respective ends. “We have signed an agreement with China’s Sinohydro Corp. for the expansion of Kariba by an additional two 150-MW units,” Noah Gwariro, managing director of the Zimbabwe Power Co., said in Harare
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.