Eskom has threatened to cut off ZESA by the end of this month if it fails to honour the payment plan whereby it pledged to pay US$10 million monthly to Eskom as part of settling a debt which had reached US$43 million dollars.
Sources who spoke to ZBC News said that ZESA failed to meet the agreed amount hence the threat by Eskom to switch off electricity. The sources did not however divulge the amount that ZESA paid this month. Minister of Energy and Power Development, Samuel Undenge told ZBC News that his ministry is negotiating with officials from the Reserve Bank of Zimbabwe (RBZ) and Ministry of Finance and Economic Development to pay outstanding amounts.
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The Zimbabwe Electricity Supply Authority, (ZESA) under the Ministry and Energy and Power Development was established as the producer, distributor, and regulator of Zimbabwe’s electrical power by Act in 1981 and formed in 1985. It has a number of subsidiary companies with various specialties in... Read More About Zesa
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe
The Ministry of Finance and Economic Development is a government organ which administers the country's fiscal and financial aspects through its respective departments. It has various organs administered by different personnel and these include among other the Reserve Bank of Zimbabwe and the Zimbabwe National... Read More About Ministry of Finance