Zim braces for electricity tariffs hike

Zimbabwe will soon brace itself for new Zimbabwe Energy Supply Authority (ZESA) tariffs amid reports that the proposal is only waiting for President Mnangagwa to approve, Zim Morning Post has learnt.

Government insiders say that the issue of raising tariffs was discussed at a high level meeting with Mnangagwa and Minister of energy Fortune Chasi.

Sources in the energy sector say that tariffs have remained one of the lowest in the region since the last review in October 2011.
The proposal to increase tariffs comes at a time when Zimbabwe is experiencing massive power shortages as well as failure to pay external power debts.

Zim Morning Post understands that ZESA management is hitting a brick wall in their marathon negotiations in South Africa amid reports that ESKOM is demanding a pre payment before entering into any deal new with Zimbabwe.

ESKOM is also having problems with the government of South Africa as it requested a supplementary budget upward review.

This development has seen South Africa also experiencing power challenges.

With this situation at hand, Zimbabwe’s hopes to get power increment from ESKOM might flop and energy ministry will end up engaging Maputo — Hydroelectrica de Cahora Bassa (HCB).

Reserve Bank of Zimbabwe sources this week told this publication that governor John Panonetsa Mangudya vowed that he will clear all ZESA debts by end of the week.

The government has so far ordered ZESA to pursue outstanding debts owed by bigwigs from across the political divide.

These include service chiefs, members of the judiciary and some members of parliament.