Mozambique: HCB approves distribution of over €100 million in dividends
Power crisis looms in Zimbabwe as ZESA fails to pay ESKOM, Cahora Bassa
7:44 CAT | 21 Nov 2016
AP (File photo)
The Zimbabwe Electricity Supply Authority (ZESA) is failing to service its ESKOM and Mozambique [Hydro Cahora Bassa] power import accounts due to cash shortages.
ZESA chief executive Josh Chifamba told parliament’s Mines and Energy Committee that the central bank is allocating the power utility $1.5 million weekly instead of the required $5 million.
Chifamba said Zimbabwe would be plunged into a crisis if power is switched off by ESKOM and Mozambique’s power utility due to its huge debt.
He said ZESA would have to introduce more load shedding which will affect millions of Zimbabweans and local companies.
Chifamba refused to answer questions on Dema Power Plant said to be run by President Robert Mugabe’s son in law, noting that he can’t speak on behalf of a private company.
He said further said ZESA was refurbishing its power plants and constructing new ones to ensure adequate power supplies in the country.
Source: VOA News
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