Govt Clears Part Of Mozambique Power Debt
The government says it has paid US$10 million to the Hidroeléctrica de Cahora Bassa (HCB), Mozambique’s power utility to clear part of the US$35 million debt it owes them to unlock fresh power imports.
A local weekly reported that the Reserve Bank of Zimbabwe pledged to release US$10 million to HCB towards clearing the debt owed to it to import more power.
Speaking at the 53rd Southern African Power Pool Management (SAPP) Committee official opening Thursday, Energy deputy minister Magna Mudyiwa said the payment had been made.
SAPP is a co-operation of the national electricity companies in southern Africa under the Southern African Development Community, which allows for excess electricity to be sold to power utilities with insufficient power.
In June, Energy minister Fortune Chasi stated that US$10 million had been paid to South Africa’s power utility, Eskom, only for the South Africans to later deny those claims.
“If we can get up to 400 megawatts from HCB, that will be fine for us. We have to source for the funds because our electricity situation is not that good so we have to source for funds to pay HCB,” Mudyiwa said.
Zimbabwe is in the throes of severe power outages caused by low water levels at Kariba Dam, the main source of the country’s hydro-electric power.
YOU MIGHT LIKE…
Kikky Badass continues to look hot in stunning new photos
She is one of the Controversial Hip-Hop/Model in Zimbabwe and she has managed to stay afloat despite being labeled a bad role model.
It has now become Kikky’s habit of doing things that people call taboo or don’t agree with. The rapper/socialite and model continues to serve nothing but…more