ZESA Owed $1.2 Billion By Customers
Zesa Holdings is acting group chief executive officer Patrick Chivaura has said that Zimbabwe is owed about $1.2 billion by its customers. Chivaura was speaking during a ZTN interview on the fuel and power crisis in Zimbabwe.
Chivaura was asked by Andy Hodges: How much is ZESA owed by the public? We hear stories about government ministries, individuals owing millions of dollars.
He responded:
Our Debtors book stands at $1.2 billion.
Asked how it hopes to recover the money, Chivaura said:
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We have not been sitting on our laurels. We have been looking at strategies which can reclaim our monies, the indebtedness. We initiated the prepaid system, where customers pay in advance. And with that system, whenever you pay for your token, part of the money goes to clear the old debt. So we are recovering the old debt as well as the customer funding their requirements.
We are working on a strategy to migrate everyone to a prepaid platform so that we are able to manage the indebtedness with our customers. We will be installing smart meters which can talk to us at a central point where we can switch off and switch on customers.
Chivaura, however, said even if the 1.2 billion money is paid it does not mean that it will all go to purchasing power but also to clearing ZESA debts. He said ZESA owes other parties about $500 million. ZESA owes about $80 million in power imports from South Africa and Mozambique. Chivaura said that ZESA is in talks with South Africa to clear the debt so that supply can resume.
Zimbabwe is currently under severe load-shedding.
You can watch the full interview here.
