Eskom has confirmed that no funds have reflected on its accounts for Zimbabwe’s outstanding debt as at 28 June at 15h00. They made this announcement late this afternoon in a press release.
This is in response to the announcement made in Zimbabwe and queries that Eskom is receiving regarding this issue. “Once Eskom has received the funds, we will then enter into further discussions with Zesa,” Eskom Group Chief Executive Phakamani Hadebe said.
Zimbabwe’s state power company, ZESA met with Eskom earlier this month over a total debt outstanding of around US 33 million (R480 million). Eskom has reduced power exports to Zimbabwe from 450MW to just 50MW pending payment. Zimbabwe has not paid Eskom for power imports since October 2018.
Earlier this week, Zimbabwe’s head of Energy and Power Development, Minister Fortune Chasi announced that US 10 million would be paid to Eskom in an effort to have power supply restored. Read more
Chasi also recently fired the entire ZESA Board amid the load shedding crisis the country faces. Read more
The Minister also recently announced that he is contemplating cancelling over 30 Independent Power Producer contracts because the projects have never materialised. Read more
Author: Bryan Groenendaal
