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Industry Rejects Proposed ZESA Electricity Tariff Hike

2 years agoSat, 08 Oct 2022 16:21:45 GMT
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Industry Rejects Proposed ZESA Electricity Tariff Hike

Industry has rejected ZESA’s proposal to increase electricity tariffs in United States dollars from the current US$0.0981 per kWh to US$0.1221 per kilowatt hour (kWh) to ensure adequate supplies.

Last week, ZESA held a crisis meeting with industry representative bodies including the Confederation of Zimbabwe Industries (CZI), the Zimbabwe National Chamber of Commerce (ZNCC) and the Chamber of Mines of Zimbabwe where the proposal was tabled.

However, the captains of industry stated that they do not have the capacity to pay increased power tariffs as they depend on the Reserve Bank of Zimbabwe’s foreign currency system to access forex.

Speaking to Business Times, CZI president Kurai Matsheza the association’s members are struggling with forex shortages, high cost of production and liquidity crunch. He said:

Industry does not have the capacity to pay such a tariff. As you know we have predominantly participated in the forex auction system to access forex hence a US$0.12 tariff is very difficult for the members.

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ZNCC president, Mike Kamungeremu, also argued that the majority of their members have no capacity to pay high electricity tariffs. He said:

Most of the members are struggling to meet ZESA’s demands and this will take a knock on most companies.

Only big corporations have agreed to pay such huge amounts.

The situation is very tough for manufacturers.

Zimbabwe has been struggling with power shortages for several years now but the situation became more precarious over the past few weeks due to low generation capacity at ZESA’s ageing power plants.

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11 Comments

Mukanyapazvese · 2 years ago
when you have a monopoly you operate as you wish you can even hold customers at ransom cuz you answer to nobody
John · 2 years ago
ok
fun time · 2 years ago
Where the hell have they been all along? How many times have they been telling us about the aged system? Do we have permanent secretaries and directors who are responsible for this? What are they doing in those offices if they are failing to justify their existence? Ten to twenty years a whole mature adult with full perks failing to direct operations which drive the country's economy waiting until there is a total shutdown only to call for a press conference telling us how they have failed to use their university training to correct foreseeable breakdowns at powerstations, management by crisis will get us backwards.
Sorojena · 2 years ago
With abundance of coal in Zimbabwe, why not invest in thermal power stations. PaHwange paya todi dzii a state of the art modern thermal power station that will feed on the abundance of coal, yimwe toidi dzii paSengwe, for sure Zim would be a power exporter.
siyai mutoriro vafana · 2 years ago
stop exporting our raw lithium make batteries here period
onashe · 2 years ago
ini ziiii semunhu anoshandisa solar hake
Cde hondo · 2 years ago
Pasi ne rtgs, zim dollar. Pasi ne zanu pf
Jah🇿🇼Tsvarie-07 · 2 years ago
Zesa should put it house in order and cut costs on doing business like industry is doing...
Zelensky · 2 years ago
Cut costs how?? When we have a power station like Munyati which is ising obsolute equipment. All the power stations in Zim need modern day equipment, whenever obsolute equipment are used the costs go up .hapana any cost cutting inokwanisa kuitwa period!!!
Solliy b the great · 2 years ago
Pamberi nePoint yako Tio4 Madhara aya eZanu haasi kuda kungobvuma kuti mari yawo haichashandi... Ivo havatozivi neruvara rweRTGS... But havadi ribviswe.. pasi neRTGs.. #dollarisation imboma!!!!!!🔥🔥☝️☝️☝️☝️ Finally Vote for CCC for real change in Zimbabwe.... Hatizamei kuisa vaChamisa panyanga.. ndivo vega vanokwanisa kutisvitsa Kenani🔥🔥🔥☝️☝️
Byron Chitanga · 2 years ago
Bondhi Pepa haisi mari muzukuru wangu saka pagara pasina chinohi Zim Dhora tichida kutaura idi chairo. Ngaapinde Hake Mukomana
Tio4 · 2 years ago
The problem is that the economy is using dual currencies and the RBZ cannot supply enough forex to the wants of each industry ,hence these companies now say that they cant afford the proposed tarrif hikes. Nyika ngaaingoita dollarise fully much of the problems we are facing anopera

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