https://newsletter.en.creamermedia.com
Coal|Energy|Export|Hydropower|Mining|Power|Transformers|Maintenance
Coal|Energy|Export|Hydropower|Mining|Power|Transformers|Maintenance
coal|energy|export|hydropower|mining|power|transformers|maintenance

Zimbabwe power utility seeks 30% tariff increase – report

Zimbabwe power utility seeks 30% tariff increase – report

Photo by Reuters

1st April 2019

By: Reuters

  

Font size: - +

Zimbabwe's State-owned power utility Zesa Holdings has applied to the energy regulator to raise its tariff by 30% for maintenance of its grid and after the price of inputs like diesel went up, The Herald newspaper reported on Monday.

Uninterrupted power supplies are especially critical for Zimbabwe's mining sector, which generates more than half of the southern African country's export earnings.

Zesa's acting CE Patrick Chivaura told The Herald that an increase in tariffs was required after prices of inputs like coal and diesel rose earlier this year.

Zesa's last application to raise prices by 49% in July 2016 was rejected by the Zimbabwe Energy Regulatory Authority (Zera) and the government, which feared it would further hurt a struggling economy.

Chivaura said if ZERA again refused to sanction a tariff increase, the power company could cut power supplies.

"Generally, what suffers is maintenance which you experience as blackouts in your localities, lines collapsing because we can't maintain them, we can't maintain the switch gears, we can't maintain transformers, and so on," Chivaura was quoted as saying.

Chivaura was not immediately reachable for comment.

Zimbabwe has seen an increase in prices across the board after the central bank in February scrapped a 1:1 official peg to the dollar, and merged its bond notes and electronic dollars into a transitional currency called the RTGS dollar.

On Monday, Zimbabwe was producing 1 604 MW of electricity from its coal-fired and hydropower plants against peak demand of 2 000 MW, according to Zesa.

Edited by Reuters

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (08/11/2024)
8th November 2024 By: Martin Creamer
Magazine round up | 08 November 2024
Magazine round up | 08 November 2024
8th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.104 0.201s - 194pq - 2rq
Subscribe Now