News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*We Will Bail Out ZESA So That It Can Resume Power Imports - Mthuli* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?jm Finance and Economic Development Minister Mthuli Ncube said that the government will bail out heavily-indebted power utility, the Zimbabwe Electricity Supply Authority (ZESA) to ensure that power imports from South Africa and Mozambique resume. Ncube was speaking to ZBC News upon his arrival from the US-Africa Business Summit in Mozambique. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- He revealed that government officials held fruitful talks with Mozambicans on power issues. He said: > The debt overhang affecting ZESA Holdings culminated into the Eskom and HCB discontinuing electricity supply but as Treasury, we are going to bail out the power utility so that it can pay its creditors to resume power imports. > We held successful talks with our Mozambican counterparts so that we establish how we can increase power imports and also create other synergies. Zimbabwe is currently experiencing debilitating power cuts after its two neighbours significantly reduced power supplies because of nonpayment for electricity already supplied. Energy Minister Fortune Chasi revealed recently that South Africa and Mozambique reduced power exports to Zimbabwe as ZESA now owes them a combined US$83 million. Chasi went as far as saying Zimbabweans cannot expect free electricity as the country is not South Africa and Mozambique’s baby. *More: ZBC News Online* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback