Business - Featured - Regional - February 23, 2021

ZESA records an increase in its debt to Eskom

Zimbabweans are prone to an increase in load shedding after Zimbabwe Electricity Supply Authority (ZESA) holdings’ debt to South African power provider Eskom escalated to $US100 million.

ZESA last made a payment of $US10 million in June 2020 after Eskom had threatened to cut power supply, the debt has since increased from $US90 million in December.

Local generation capacity remains acutely constrained, thus the anticipated increase in electricity cuts.

A reliable insider from ZESA holdings said the state entity has not paid anything to Eskom since the last payment was made in June 2020, BusinessMail has learnt.

“We have not paid anything since June last year due to several reasons and if this continues we are likely to get power cuts from Eskom,” said the insider.

To date, ZESA is owed ZWL5.6 billion in both local and foreign currency as indicated by the Parliament Portfolio Committee on Energy hence the sharp increase of its Eskom debt.

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