Energy and Power Development Minister, Fortune Chasi failed to secure a deal for Zimbabwe to import more electricity during his visit to South Africa.
Zimbabwe owes Eskom, South Africa’s power utility US$27 million from power imports.
Last month, the government paid US$10 million to reduce the debt in an attempt to secure more electricity over and above the 50MW Eskom is currently supplying to Zimbabwe.
A Daily News source claimed that Chasi returned from South Africa empty-handed though reports indicate that further engagements could be fruitful;
Eskom wants concrete payment plans and strong indications from Zimbabwe that they will indeed pay the money.
The company said it has its problems and were not willing to continue supplying Zimbabwe with power without receiving significant a chunk of the outstanding funds.
Meanwhile, local mobile network operator, Econet Wireless early this week warned the government that if it fails to urgently deal with the ongoing electricity crisis, it will take drastic measures to ensure its viability.
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Yes in the normal course of business you never deal with rogues who have more money than the state and pretend there is NO money. If one person stole more that 1 million….can we do our multiplications??? If Mai Chiri disovered that rot in parastatals, if 3 million was stolen in Commando agric, if 15 Billion evaporated, if the Chinese are paying individuals for mining rights, if the illegal forex dealing are being fuelled by a corrupt central bank, if there is no rule of law, if there is no end in sight of political stagnation, if there is contested legitimacy, if the top members are richer than SA itself….YOU CANNOT GET A LOAN…..in fact you do not need a loan….Just tell the guys who have the money to RETURN IT. SIMPLE!! IT WILL WORK!!