Eskom Confirms Receiving Payment From ZESA (US$10 Million)

South Africa’s power utility, Eskom said that it had received the much-talked-about US$10 million from the Zimbabwe Electricity Supply Authority (ZESA).

In a statement issued on Tuesday (today), Eskom said:

Tuesday, 02 July 2019: Eskom confirms that the payment made by Zimbabwe is reflecting in its account today.

Discussions will continue with the Zimbabwe Electricity Supply Authority (ZESA) to find a mutually beneficial solution to the outstanding debt.

Eskom is a commercial operation and will be guided by the contracts we have in place with ZESA.

Earlier today, Energy Minister Chasi tweeted that the payment had gone through.


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Zesa

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

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