CAPTAINS of industry and economic experts have thrown their weight behind Zesa Holdings (Zesa)’s campaign for cost-reflective power pricing in Zimbabwe, saying this will boost the state power utility’s viability and assist alleviate the country’s electricity woes.
Zimbabwe has over the years experienced severe power shortages due to insufficient local generation and Zesa’s inability to import the deficit. Even though the utility company has been allowed to effect a number of price adjustments over the years, its principals in government have persistently rejected its applications to bring up tariffs to cost-reflective levels.
Chief executive of the Zimbabwe Energy Regulatory Authority’s (Zera), Edington Mazambani, recently revealed that the government was now working towards effecting cost-reflective tariffs.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.