Energy Minister, Advocate Fortune Chasi has reportedly agreed on a power deal with South Africa power utility ESKOM.
The deal, as reported by NewZ Wire, will see Zimbabwe receiving 400MW of power.
In return, Zimbabwe will pay Eskom US$890,000 per week to settle its long-standing debt with ESKOM.
The publication further reports that Zimbabwe also intends to engage Hydro Cahorra Bassa of Mozambique with a similar arrangement.
Te deal comes at a time when the country has a huge power deficit that has resulted in the local power utility, ZESA, rolling out a crippling power cut schedule that has seen most parts of the country going without power between 0400 hours and 2200 hours.
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More
Buying a car in South Africa and bringing it into Zimbabwe through Beitbridge has become… Read More
For years, our platform has been your trusted destination for breaking football news, match updates,… Read More