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Message: [QUOTE="Queen, post: 84840, member: 27"] 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 [LIST] [*]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. [/LIST] Financial models failed to satisfy global lenders [LIST] [*]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. [/LIST] Contractor claims personal losses on failed bid [LIST] [*]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. [/LIST] The state focused funding on massive coal units [LIST] [*]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. [/LIST] [/QUOTE]

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