HARARE – Zimbabwe has signed a five-year deal to import 100 megawatts per day of electricity from Zambia after paying $6.4 million in advance to Zesco, Zambia’s energy supplier.
Zimbabwe’s minister of Energy and Power Development, Soda Zhemu made the revelations about the new deal at a press briefing on Friday.
Zhemu said Zimbabwe also maintained agreements with Mozambique and South Africa after the deals were on the brink of collapse as the nation struggled to meet its payment obligations to its two neighbours.
According to the information, ZESA was able to pay the required $6.4 million and it’s a prepaid facility. Zimbabwe started sourcing electricity from Zambia on 1st August after the deal.