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Eskom confirms that Zimbabwe has paid off all its debts

by Staff reporter
31 Mar 2020 at 13:58hrs | Views
Eskom spokesperson Sikonathi Mantshantsha confirmed that Zimbabwe has paid off all its debts.

He said Zimbabwe had settled its historical obligations.   

"Eskom can confirm that Zimbabwe's historical has been settled. ZESA's account is now current.  

"Eskom is highly appreciative of the current leadership of ZESA, particularly the late Patrick Chivaura, whose integrity and sense of duty led to this great position in which this account is current for the first time in decades," said Mantshantsha.

The country's Minister of Energy, Fortune Chasi, broke the news on Twitter on Monday evening.

Eskom in the past threatened to cut off electricity supplies to Zimbabwe after its debt reached $33 million. In August 2019 a deal was reached for partial payments of $890 000 per week towards the settlement of the debt.

"Hard to believe but ESCOM (ESKOM) has, in fact now been paid off. Eskom was paid the last US$890,000.00 for imports during this week. This means ZESA can now negotiate for additional supplies if available," tweeted the minister.

He added that "attention now turns to HCB of Mozambique which at one time was owed US$51m". 



HCB is a reference to Hidroeléctrica de Cahora Bassa, a hydroelectric power producer.

Source - Byo24News

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