ZESA pays US$7m

ZESA Holdings has further reduced its debt to Mozambican power firms by US$7 million, bringing to US$35 million the amount it has paid to Hidroelectrica de Mocambique and Electrica de Mocambique inside one and a half months.

“I can confirm that we paid another US$7 million two days ago and we are negotiating with them to increase power exports to Zimbabwe,” Zesa chief executive Engineer Ben Rafemoyo said.

They were negotiating for 300 megawatts. Zimbabwe is currently importing 75MW from Mozambique.

Apart from Mozambique, Zimbabwe imports electricity from Zambia and the Democratic Republic of Congo   

Unit number three of Hwange Power Station is currently under refurbishment under the US$50 million inter-utility deal between Zesa Holdings and NamPower, Namibia’s sole electricity supplier.

 

Post published in: Economy

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