Business / Companies
Zesa boss' contract renewed
30 Jul 2014 at 18:37hrs | Views
ZESA Holdings Chief Executive Engineer Josh Chifamba's contract has been renewed for another four years in line with government's corporate governance and remuneration policy framework for chief executive officers of parastatals, state enterprises and local authorities.
The ZESA board met in Harare on Tuesday and unanimously agreed to extend Engineer Chifamba's contract up to 2018.
His conditions of service remain the same until government comes up with a proper remuneration structure for chief executives of parastatals, state enterprises and local authorities.
A board member who attended Tuesday's meeting said Engineer Chifamba's contract has been extended for him to oversee the completion of projects started during his tenure.
He further said that wide consultations had been made before arriving at the decision, adding that the ZESA Human Resources Committee met last Thursday and resolved to extend the contract and the same situation prevailed this Tuesday.
Some of the projects that Engineer Chifamba will oversee the Kariba South power extension and Hwange 7 and 8 thermal power stations which will add 600 mega watts to the national grid.
Engineer Chifamba came to the helm of the organisation during the inclusive government, signing a three-year contract under the then Minister of Energy and Power Development, Mr Elton Mangoma.
His contract expired on 31 January this year and the Minister of Energy and Power Development, Cde Dzikamai Mavhaire extended it by six months as there was no board in place to decide his fate.
The ZESA board met in Harare on Tuesday and unanimously agreed to extend Engineer Chifamba's contract up to 2018.
His conditions of service remain the same until government comes up with a proper remuneration structure for chief executives of parastatals, state enterprises and local authorities.
A board member who attended Tuesday's meeting said Engineer Chifamba's contract has been extended for him to oversee the completion of projects started during his tenure.
Some of the projects that Engineer Chifamba will oversee the Kariba South power extension and Hwange 7 and 8 thermal power stations which will add 600 mega watts to the national grid.
Engineer Chifamba came to the helm of the organisation during the inclusive government, signing a three-year contract under the then Minister of Energy and Power Development, Mr Elton Mangoma.
His contract expired on 31 January this year and the Minister of Energy and Power Development, Cde Dzikamai Mavhaire extended it by six months as there was no board in place to decide his fate.
Source - zbc
