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ZIMBABWE Utility pays off debt to Zambia

February 20 2013 at 08:00am

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Zimbabwe’s state-owned utility Zimbabwe Electricity Supplier Authority (Zesa) had started paying a $70 million (R615m) debt to Zambia, a necessary step before the two nations could embark on a joint 1 600 megawatt hydroelectric plant, which could help relieve a power shortage, Zesa said yesterday. The two southern African countries have started preliminary work on the Batoka power project, estimated to cost $2.5 billion, and expected to be built and operated by a private company for a period of years before transferring ownership to the two states. Zimbabwe’s power shortage has paralysed mines and industries. – Reuters


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