Sonja Madzikanda's baby daddy and ex-husband, Wicknell Chivayo, is clapping back at Supa Mandiwanzira, claiming a billion-dollar Indian consortium actually fumbled the Gairezi power plant bag, not him.
Chivayo rejects blame for stalled power plant
Chivayo rejects blame for stalled power plant
- Supa Mandiwanzira tried to drag the businessman at a ZANU-PF rally for ghosting the dam project in Tangwena.
- Social media posts from Wednesday clarify that the tender actually went to BHEL and Angelique International.
- Intratrek Zimbabwe was just the local sidekick riding on the coattails of that sweet international credibility.
- Blaming the local guy ignores the fact that a multi-billion-dollar Indian conglomerate was leading the squad.
- Bankers apparently laughed at the proposal because US$113 million for just 30MW makes zero business sense.
- Lenders looked at the return on investment and realized the cash flow just was not going to happen.
- Technical feasibility means absolutely nothing if the people with the money do not see a repayment guarantee.
- Achieving financial closure became impossible when tested against the strict requirements for asset returns.
- Flying to India to woo manufacturers costs real money that the company will never get back.
- Strict finance requirements mean you do not get a dime until you prove you can actually build the thing.
- Contractors actually hate it when projects stall because construction margins are where the real profit lives.
- Advance payment guarantees and letters of credit were never issued for this specific hydro deal.
- ZESA ghosted this deal to dump all their cash into Hwange Units 7 and 8 instead.
- Generating 600MW from the big coal plants was obviously more important than a small hydro setup.
- Harare and Munyati Repowering Projects also got put on ice while the government chased higher yields.
- Speculation about missing payments needs to stop because the utility provider never actually wrote the check.
