The Zimbabwe Electricity Supply Authority (ZESA), has paid US$890 000 to South Africa power company Eskom, to clear its debt and be able to get more power imports from that country.
This was revealed by ZESA Holdings chief executive officer Engineer Patrick Chivaura in an interview with State media. He is quoted as saying:
RBZ paid US$890 000 to Eskom for the liquidation of the debt that we have.
Eskom asked us to meet certain conditions before the resumption of power supply to the country.
I am happy to announce that we have met the conditions and we are looking forward to providing a bank guarantee by Tuesday.
This will initialise the process of power supply by Eskom. I am very confident that the deal will materialise by next week.
Once the deal materialises, we are expecting it to significantly reduce load-shedding. We will have power for more hours than we are having now.
He also revealed that the country’s power utility has engaged Hydro Cahora Bassa (HCB) of Mozambique intending to pay off the debt it owes the country’s power utility and pave the way for importing more electricity. Said Chivaura:
We are also engaging HCB to see if we can liquidate their debt and also to see if we can import more electricity from them.
We owe them a lot of money and we want to see how best we can settle that debt and start getting more power from them.
More: Sunday News
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