MINES GIVEN SIX MONTH REPRIEVE TO CLEAR ELECTRITY DEBT
Written by Panashe Madzinga on March 14, 2018
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has given mining firms a six month period for them to clear their bills or risk being cut off from the power grid.
Mining companies are some of the biggest consumers of electricity in the country and are part of consumers who owe the power utility over $1 billion in unpaid bills.
In a public statement on Monday, the power utility said it needs the money to pay for electricity imports to supplement local generation.
Chamber of Mines of Zimbabwe Chief Executive Officer Mr Isaac Kwesu, said although some members had accrued huge bills over the years, they had made plans to clear the arrears with ZETDC.