Zimbabwe, which has not had power cuts for the past one and half years, might experience massive load shedding by May 31, if it fails to settle its power import bill with Mozambican and South African power utilities.
Zimbabwe Electricity Supply Authority (ZESA) Holdings chief executive Josh Chifamba said on Tuesday that the company failed to pay 43 million U.S. dollars it owed South Africa’s Eskom and Mozambique’s Hidroelectrica de Cahora Bassa (HCB) due to foreign currency shortages.
The 43 million U.S. dollars is coming from a payment plan that ZESA struck with the two regional power utilities early this year.
According to the plan, ZESA should have paid 89 million dollars between January and April but only managed to pay 46 million dollars.
HCB and Eskom gave ZESA up to May 31, 2017 to pay up the debt failure of which the two utilities…
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