Zim officials in SA, to negotiate Eskom debt

Zim officials in SA, to negotiate Eskom debt

May 28 2017 –  ZESA officials will be in SA next week to negotiate payment to its debt to Eskom of South A to ward off the imminent threat of load-shedding after the firm threatened to cut off supplies to Zimbabwe by Thursday over a $US43 million debt.

Energy and Power Development Minister Dr Samuel Undenge, says  Zesa  and RBZ officials would also be in South Africa   for  a meeting on Monday for discussions with Eskom to make sure there would be no load shedding experienced more than a year ago.

“The nation should be rest assured that there will be no load shedding as we are taking internal and external measures,” he said. “We are working with the Reserve Bank of Zimbabwe and they will be meeting with Zesa.

“We will also dispatch a team to South Africa to engage the Eskom side. We will pay Eskom a substantial amount and we are confident that the power situation will remain stable as is the case now. There is no need for industry and the generality of Zimbabweans to panic. The situation is now under control.”

Zesa has an outstanding import bill of $US43 million and the irregular payments have seen Eskom threatening to cut supplies to Zimbabwe beginning next Thursday.

Zimbabwe gets 300 megawatts from Eskom and 50 megawatts from Hydro Cahora Bassa of Mozambique.

Says Zesa chief executive Engineer Josh Chifamba : “We will be meeting with the Reserve Bank of Zimbabwe to work on the modalities before we engage the South Africans.

“We now have a clear picture and by Monday we will give you concrete details.” –