India has announced that it would extend a $310 million loan to Zimbabwe to finance a rehabilitation project for a thermal power plant that would entail upgrading the station and extending its lifespan. The decision was taken during a meeting between Vice President M Venkaiah Naidu and Zimbabwe President Emmerson Mnangagwa and delegation-level talks between senior officials of the two countries as per reports. India will also extend additional funds of $23 million for the Bulawayo thermal power plant and $19.5 million for the Deka pumping and water intake system in Zimbabwe. According to sources, a fund of $2.9 million will also be extended to upgrade the Indo-Zim Technology Centre, which India had gifted to the African country.