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ZESA Holdings increased tariffs to supply more stable electricity to the consumers henceforth the power utility is looking to charge cost-effective prices to stay afloat and deliver electricity regularly.
The power supplier revealed that it was affected by low water levels at Kariba South Hydro Power Station and the tariff increase will help ZESA holdings to service loans extended for the recent upgrades of Hwange 7 and 8 units as well as the Kariba Hydro power Station.
General Manager for Zesa Holdings Abel Gurupira said that there were initiatives even on a regional scale to tap into more than 2 megawatts 000(MW) of power stranded in Angola due to transmission challenges.
Zimbabwe Energy Regulatory Authority (ZERA) recently awarded a US$0,02 per kilowatt hour tariff increase to Zimbabwe Electricity Transmission Distribution Company (ZETDC), the distribution arm of ZESA Holdings.
Undercharging consumers for power cost ZETDC, this comes after it was reported that the utility had lost about US$ 3 billion during the past quarter century, US$ 120 million annually.
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