Local Bank Puts Up US$15 Million To Guarantee Electricity From Eskom - Govt

During Tuesday’s post- Cabinet media briefing, the Acting Minister for Energy and Power Development, Sekai Nzenza said that a local bank has put up a US$15m guarantee to unlock the supply of 400MW from Eskom.

Minister Nzenza also said that the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and the Reserve Bank of Zimbabwe (RBZ) have also agreed on a payment plan with South Africa’s power utility, Eskom.

Nzenza said that these initiatives will enable the country to have more electricity.