ZESA, industry power importation deal bears fruit PDF Print E-mail
Wednesday, 11 January 2017 15:21

The agreement between ZESA Holdings and the local industry for the pre-payment of electricity supply is yielding positive results as manufacturing companies are paying close to US$5.5 million monthly for the importation of power.

The deal was reached late last year as the power utility was getting inadequate foreign currency allocation from the Reserve Bank of Zimbabwe (RBZ), receiving US$1,5 million weekly out of a demand of US$5 million.

ZESA Holdings Group CEO, Engineer Josh Chifamba said despite support from the local industry the power utility is still constrained in meeting the remaining US$10 million required monthly.

The power utility imports power from South Africa and Mozambique to augment limited power generation within the country to ensure there is limited load-shedding though the suppliers are owed US$55 million.

Zimbabwe’s power generation has been affected by drought in the previous year which prompted the Zambezi River Authority to ration water supplies for power generation to the power utility which is currently generating 285 mega watts from Kariba Power Station out of an installed capacity of 750 mega watts.

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