for subscribers

Eskom: No secrecy around Zim power deal

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg - Eskom has confirmed the sale of electricity to Zimbabwe but denied that the power supply agreement with its Zimbabwean counterpart the Zimbabwe Electricity Supply Authority (Zesa) is secret.

Eskom said the deal is part of an arrangement among southern African power utilities to sell surplus electricity to each other.

Media reports in Zimbabwe have alleged that Eskom has entered into a “secret” deal to sell 300 MW of electricity to the neighbouring country, which has been experiencing power shortages lately. The reports also quoted Zimbabwe Energy and Power Development Ministry Permanent Secretary Partson Mbiriri saying the deal has to be kept under wraps “for security reasons”.
 
In a statement on Monday evening, Eskom confirmed the sale of power to Zimbabwe “but there is no secrecy about this”, it said. Eskom is part of the Southern African Power Pool (SAPP), and so is Zesa, where member utilities sell surplus electricity to each other depending on the need, Eskom said.
 
“South Africa, through Eskom, has been involved in the electricity sector in various countries in Africa for a long time and has utilised different forms of engagements. This has been done mainly through bilateral trading arrangements, using instruments such as power purchase and power sales agreements.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.44
(+0.16)
ZAR/GBP
22.74
(+0.41)
ZAR/EUR
20.57
(-0.18)
ZAR/AUD
12.50
(-0.01)
ZAR/JPY
0.16
(+0.59)
Gold
1914.72
(+0.48)
Silver
25.45
(+2.51)
Platinum
928.99
(+0.92)
Brent Crude
44.46
(-1.09)
Palladium
2134.99
(+2.60)
All Share
57417.28
(+0.44)
Top 40
53126.54
(+0.56)
Financial 15
10139.85
(-0.74)
Industrial 25
76210.18
(+0.91)
Resource 10
58992.57
(+0.54)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 976 votes
It depends on how the funds are used.
74% - 6473 votes
No. We should have gotten the loan elsewhere.
15% - 1342 votes
Vote