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"ZESA Lost US$3.7 Billion Due To Low Tariffs"

1 year agoTue, 07 Nov 2023 11:32:52 GMT
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"ZESA Lost US$3.7 Billion Due To Low Tariffs"

ZESA Holdings is mulling more tariff increases, saying it lost US$3.7 billion over the years because of below-cost tariffs.

The power utility was recently awarded a US$0.002 per kilowatt hour tariff increase by the Zimbabwe Energy Regulatory Authority (ZERA).

ZESA’s power distribution arm, the Zimbabwe Electricity Transmission Distribution Company (ZETDC), then increased the tariff from US$0.10 per kilowatt-hour to US$0.12, which is still slightly below the regional average of US$0.1254.

Speaking during the State of the Mining Industry report breakfast seminar held in Bulawayo last week, ZETDC acting managing director Abel Gurupira said the power utility requires US$2.8 billion to revamp Hwange Power Station units 1 to 6. NewsDay quoted Gurupira as saying:

We are looking at US$2.8 billion that we need for rehabilitation and repowering, maintenance and the construction of Hwange Units 1 to 6. Unfortunately, the country has ceased to be credit-worthy.

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Who will want to invest when you cannot recoup? We have lost almost US$3.7 billion because of below-cost tariffs.

Zimbabwe is currently experiencing heightened load shedding as Hwange’s Unit 7 is undergoing its 30 days mandatory maintenance process which would be followed by Unit 8.

More: Pindula News

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18 Comments

Anonymous · 1 year ago
ZESA says their tariff is 0.12 cents @ kwh. However, by my calculations I'm paying more like 0.16 cents. Can anyone explain???
Xxx · 1 year ago
The government cannot afford to subsidies anything let's charge a sustainable tariff which reflects the true cost of anything.Zera must focus on other things like safety siyanai nema price controls.
Anonymous · 1 year ago
Incompetence and corruption caused the loss not low tariffs as reported on Vene Press..
Anonymous · 1 year ago
So vaakuzozviona nhasi nekuti maElections akaperaka ?
Anonymous · 1 year ago
STRANGE, EVERY TIME I GO YO BUY ZESA TOKENS I AM TOLD THEY ARE OFF LINE !!!!!!
x · 1 year ago
zesa was subsidising Idi..ot for reelection.
1
hahahaha true · 1 year ago
thats true ....
Sydney Gata · 1 year ago
You must understand the need for recapitalization. Our tariffs have been too low in the region. This has stiffed the initiative to mordenize the infrastructure
Yoyoyo · 1 year ago
😁😁 Bvumbururu ramba wakadzvanya iwe unototinakidza wangu. Very good tipe mamwe we want more and more. Vanosvotwa ngavabve pano, havasi ma saints
Cool Guy 😎 · 1 year ago
How much money has ZESA lost due to corruption? 🤣
· 1 year ago
inini ndati $370 billion. Tisingaverenge Dzana Weakness Chivharo.
cox · 1 year ago
"The power utility was recently awarded a US$0.002 per kilowatt" - this is not tge same as 2 cents as reported on another article, school me here
$$$$$$. · 1 year ago
$0.02
No watts · 1 year ago
And how much have the people lost through loadshedding 😢
Bvepfepfe · 1 year ago
🤣🤣🤣🤣🤣🤣🤣🤣 Saka! Who is to blame for that? Ndiyani ari in charge... who makes decisions ikoko nhai nhai🤣🤣🤣🤣🤣. Ndivo vakazvitosvora vega
· 1 year ago
.... $3.7 billion to low tariffs and $370 billion to corruption. please add.
Zuze · 1 year ago
Makanganwa maSangisheni. 🤣🤣🤣

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