Zim staves off punitive action by Eskom, again: report

2017-08-02 13:01
Picture: Duncan Alfreds, News24

Picture: Duncan Alfreds, News24

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Harare - Zimbabwe government officials have held "tough negotiations" with managers at Eskom to prevent South Africa’s power utility cutting off supplies over a $40 million debt.

Cash-strapped Harare has been given another chance not to default on a repayment plan, which had seen Eskom threatening to cut off power on August 1.

No further default

"We had tough negotiations but finally they accepted our payment plan which they expect us not to default on. Any default means curtailment of power," Josh Chifamba, the chief executive of Zimbabwe’s state ZESA power company said in comments carried by the official Chronicle newspaper

This was the second time since May that Zimbabwe has staved off a threat by Eskom to switch off the power.

Zimbabwe imports 300 megawatts of power per day from South Africa and around 50 megawatts from Mozambique's Hidroelectrica de Cahora Bassa (HCB), to which it owes 10 million US dollars, according to the Chronicle.

Another four months

The Chronicle said Zimbabwe has now paid eight million US to both Eskom and HCB to partly clear its debts. An unnamed source told the paper that under the latest repayment plan, Zimbabwe has to clear its debts to both companies within four months.

"We were on the verge of being switched off and that would have had a devastating impact on agriculture and the economy," the source added.

Read more on:    zesa  |  eskom  |  zimbabwe  |  sa  |  southern africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/World
 

French Bulldog helps kids with facial differences

Lentil Bean is a french bulldog who was born with a severe cleft nose, lip and palate.

 
 

Paws

Weird things dogs do
Makeover saves dog’s life
For the love of Corgis!
Can we communicate with our pets?
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.