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Felex Share Senior Reporter— Zimbabwe Power Company (ZPC) has raised $116 million as its equity contribution towards the expansion of Hwange Thermal Power Station, paving way for the financial closure of the $1,1 billion project. The power generating firm has a contractual obligation of raising $314 million to cover project
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Africa Moyo Business Reporter GOVERNMENT has paid $155 million to Zesa towards the electricity bill accrued by its departments and local authorities over a long period. Zesa is owed about $600 million by Government departments and local authorities and in June this year, an announcement was made that Treasury Bills were going to be issued to extinguish […]
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Business Reporter ZIMBABWE’S power imports are under threat as the country continues to struggle to pay its obligations due to acute shortages of foreign currency, sources familiar with the development have said. The country imports an average of 300 megawatts mainly from South Africa’s Eskom and Mozambique to augment local supplies but it is in arrears […]
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Felex Share Senior Reporter Zesa Holdings has paid South African power utility Eskom $12 million to avoid being switched off and will pay another $20 million this month as it battles to clear its arrears. The power utility also presented a payment plan of $5 million a week beginning next month to settle the $44 million owed […]
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