ZESA set to negotiate payment plan with Eskom

The domestic power utility, ZESA holdings  which owes South Africa power utility Eskom 33 million dollars is set to negotiate for a payment plan during a meeting set for next week with expectations of a favorable outcome which will see increased imports from the neighboring country as Zimbabwe seeks to avert the power woes.

The 33 million dollar Eskom debt has in the past few months resulted in reduction of power imports level for ZESA holdings from a neighboring South Africa from a possible 400 mw to the current 50 mw. With additional power imports being viewed as the immediate solution to averting power crisis and reduction in load shedding level, ZESA holdings will dispatch a team to South Africa next week to negotiate for a payment plan and additional imports.

Acting ZESA holdings chief executive officer Eng Patrick Chivaura  said the entity has come up with a payment plan which is supported by the Reserve Bank of Zimbabwe and expressed confidence next week meeting will yield positive outcome.