Commercial Farmers' Union of Zimbabwe

Commercial Farmers' Union of Zimbabwe

***The views expressed in the articles published on this website DO NOT necessarily express the views of the Commercial Farmers' Union.***

Zimbabwe says power debt down to under $20 mn

Zimbabwe says power debt down to under $20 mn

http://www.timeslive.co.za/

Sapa-AFP | 12 July, 2012 20:30

Energy-starved Zimbabwe has cut its debt to power providers to under US$20 
million from around $100 million in a bid to resume imports after major 
regional suppliers cut it off, the energy minister said Thursday.

“We have currently made strides to pay the debt we owed and our total debt 
has now been reduced to below $20 million from nearly a $100 million,” 
Energy Minister Elton Mangoma told parliament.

He said talks have begun with neighbours Mozambique and Zambia to get “a 
little bit more” electricity after reducing the debt.

In recent months, Zimbabwe could only afford to import 25 megawatts from 
neighbouring countries after major electricity suppliers in the region cut 
off supplies for non-payment.

Zimbabwe needs about 2,200 MW of electricity at peak consumption but 
generates just below 1,300 MW.

“Zimbabwe used to import as much as 500 MW from SNEL in DR Congo, EDM and 
HCB in Mozambique and ZESCO in Zambia,” he said adding the average quantity 
had came down to 100 MW.

“Because we were not paying, even that 100MW has been reduced to 25MW.”

Mangoma said the country is working on refurbishing its northern Kariba 
hydro-power station and the Hwange thermal power station in the west of the 
country to boost generation capacity.

The minister said earlier this year that the power utility Zimbabwe 
Electricity Supply Authority (ZESA) is owed $400 million in unpaid 
electricity bills by consumers.

Authorities also increased energy charges last year by 31 percent to 9.83 
cents per kilowatt hour. 

Facebook
Twitter
LinkedIn
WhatsApp

107MW solar plant for Hwange

107MW solar plant for Hwange   12/7/2019 The Chronicle Pride Mahlangu, Business Reporter INDEPENDENT power producer, Power Ventures (Private) Limited, has applied for a licence

Read More »

New Posts: