Zesa given two months notice to clear debts

Posted by Tayana

South Africa’s Eskom and Mozambique’s Hydro Cahora Bassa (HCB) have given Zimbabwe up to December to clear its arrears. Zimbabwe imports almost 30 percent of its national power requirements from the Southern African Power Pool members that include HCB and Eskom.

ZESA Holdings, owes two of these regional outfits a combined US$27 million. Eskom is owed US$18 million, while the US$9 million balance is owed to HCB.

Julian Chinembiri, the managing director of the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a unit of ZESA, told Financial Gazette that while power suppliers have stabilised, arrears were mounting,

They (Eskom and HCB) have understood our economic challenges and have given us a grace period to clear our arrears. Eskom gave us up to December 2016 while HCB gave us up to the end of November to clear the arrears. At the moment we are enjoying stable power supply and we would want to keep supplies as they are and ensure that load shedding does not occur. As you are aware, we still have prepayment arrangements with Eskom and HCB. For Dema, the US$8 million is current. For the Zimbabwe Power Company (ZPC), it’s long overdue but we are paying them a certain percentage of our revenue collection every month.
Zimbabwe imports about 350 megawatts (MW) of electricity from Eskom and 50MW from HCB.


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