https://www.engineeringnews.co.za
Energy|Eskom|Power
Energy|Eskom|Power
energy|eskom|power

Zimbabwe at last pays off debt to Eskom

Zimbabwe at last pays off debt to Eskom

Photo by Bloomberg

31st March 2020

By: News24Wire

  

Font size: - +

Zimbabwe has paid off all its debts to Eskom and is now in a position to negotiate for a new deal, the country’s Minister of Energy, Fortune Chasi, tweeted on Monday evening.

Eskom in the past threatened to cut off electricity supplies to Zimbabwe after its debt reached $33-million. In August 2019 a deal was reached for partial payments of $890 000 per week towards the settlement of the debt. 

“Hard to believe but ESCOM (ESKOM) has, in fact now been paid off. Eskom was paid the last US$890 000.00 for imports during this week. This means ZESA [Zimbabwe Electricity Supply Authority] can now negotiate for additional supplies if available,” tweeted the minister. 

He added that “attention now turns to HCB of Mozambique which at one time was owed US$51-million".  

HCB is a reference to Hidroeléctrica de Cahora Bassa, a hydroelectric power producer. 

Eskom spokesperson Sikonathi Mantshantsha confirmed the development. He said Zimbabwe had settled its historical obligations.   

"Eskom can confirm that Zimbabwe's historical has been settled. ZESA's account is now current.  

"Eskom is highly appreciative of the current leadership of ZESA, particularly the late Patrick Chivaura, whose integrity and sense of duty led to this great position in which this account is current for the first time in decades," said Mantshantsha in response to a request from Fin24. 

Edited by News24Wire

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.119 0.174s - 163pq - 2rq
Subscribe Now