Electricity Tariffs To Be Reviewed Regularly Basing On Exchange Rates – ZESA CEO

ZESA acting group chief executive officer, Patrick Chivaura, has said that electricity tariffs are likely to be reviewed on a monthly basis based on the exchange rates.

Chivaura said that the monthly power tariff hikes are aimed at improving the power situation in the country. Speaking at an energy conference in Bulawayo, Chivaura said:

We are glad that for the first time an indexation formula tracks the changes in foreign currency. The changes in other priorities were also approved by government, and so we are able to review it on a monthly basis.

We will be able to adjust our tariffs accordingly … if the float on foreign currency exchange goes up, our tariffs will go up, if the exchange goes down, the tariffs will also go down.

Chivaura echoed remarks by industry players that it was better for the tariffs to go up so as to secure more power than to have low tariffs when there is no power.

His remarks come after the power utility recently increased the tariffs by 583 per cent. 

More: Daily News

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback the vote. If you would like to add more feedback please write us on hello@pindula.com.

Comments

Back to top

4 comments on “Electricity Tariffs To Be Reviewed Regularly Basing On Exchange Rates – ZESA CEO

  1. Isn’t this madness, based on exchange rate are Zimbabweans dependant on foreign currency only or you must base on your own money Zimbabwe dollars. You want to make life hard for majority of poor Zimbabweans who can’t afford to get US$ , what a bunch of evil greedy people with no heart at all.

  2. Zesa is the worst customer-orientated outfit in Zimbabwe. They will gladly put nearly the whole country in darkness for the sake of a few hundred dollars. Where do they honestly think that the township tenant or rural villager is going to get US Dollars from. My maid sits in darkness because she cant afford the 550% increase.

  3. As Ben so rightly says: collect the millions/billions owed by the farmers, the fat cats of Borrowdale and the Cabinet. All non-performing individuals. What about the millions that Gushongo Dairy owes???? Scared of them, are you??? Untouchable????

Write a Comment

Your email address will not be published.