ZESA to be privatized?

nd we are taking steps through the correct processes to address it,” he told The Zimbabwean by phone.
The debts are owed by the Zimbabwe Electricity Supply Authority (ZESA), which imports a substantial amount of the country’s power needs from Eskom.
Due to a failure to pay its bills, ZESA has already seen its imports from Eskom cut to 150 megawatts from 450 megawatts. ZESA owes more than R140m.
ZESA has blamed the unreliable payments situation on a severe shortage of foreign currency as Zimbabwe grapples with its worst economic crisis since independence in 1980.
The Zimbabwean government has raised the possibility of privatising ZESA as part of wider economic reforms but analysts say little progress has been made with the plans.
Despite the dispute, Eskom said it would consider buying into a restructured Zesa.
“We have informally talked about taking up a stake … but we will have to wait for the privatisation process,” O’Connor said.
Efforts to recover the debts have included the establishment of a trust account in Harare into which ZESA would make deposits.