Tag Archives: Zimbabwe

Zimbabwe: ‘Arrears Award Will Create U.S.$1 Billion Deficit’

POWER utility Zesa Holdings has pleaded with workers to accept a grossly diluted salary arrears offer arguing implementing the order from a collective bargaining arbitral award would leave it with close to $ 1 billion deficit. Zesa said in view of its financial limitations and potential impact of complying with the ruling from the 2012 […]

Zimbabwe: Energy Bonds On Private Placement Stage – IDBZ

By Victoria Mtomba THE Infrastructure Development Bank (IDBZ) says the $ 50 million bonds for the Harare Power Station repowering project and Kariba Power station refurbishment are now at the private placement stage where discussions with investors are now underway. IDBZ chief executive officer Charles Chikaura said local pension funds were off takers for the […]

Zimbabwe: Chisumbanje Villagers Threaten Green Fuel With Lawsuit

VILLAGERS who lost their land to pave way for the establishment of Green Fuel in Chisumbanje, have resolved to take the ethanol processing plant to court demanding compensation for their land. Through Platform for Youth Development Trust (PYD) and the Zimbabwe Lawyers for Human Rights, villagers have resolved to drag the company to court saying […]

Zimbabwe: Fuel Scam Hits Zimbabwe

INTERNATIONAL oil firms have established a cartel which is conniving on retail fuel prices on the local market, preventing a cut in prices industry and other interest groups say could have significantly helped heal the frail economy. According to investigations by the Financial Gazette, at least four global oil players have established a significant presence […]

Zimbabwe: Balance of Power Reduces Crude Oil Price

By Nesbert Ruwo Brent crude, the international benchmark for oil, now trading in the US$ 80 per barrel zone, its lowest levels since October 2010, is now in a bear market territory. The price has fallen over 35% since June 2014 on weak economic data from Europe and China, oversupply and a stronger US dollar. […]

Zimbabwe: Brace for More Power Cuts, Says Zesa

ZIMBABWE will experience more power outages in the next three weeks due to low energy supplies and maintenance work being carried out at Kariba South power station, the power utility said on Thursday. Maintenance works at Kariba South’s generator number five has resulted in power supply being reduced by 125MW, the energy company said. Zimbabwe […]

Zimbabwe: Mozambique Snubs Govt’s Petroleum Pipeline Proposal

By Phillimon Mhlanga MOZAMBIQUE has snubbed Zimbabwe’s proposal to construct a second petroleum pipeline, a government official has revealed, saying the move has undermined plans to augment the existing pipeline which no longer has the capacity to adequately supply fuel into the country. The plan was to construct a second pipeline from Savanna, 50 kilometres […]

Zimbabwe: Businessmen Fined for Illegal Power Connection

Two Harare businessmen have been fined US$ 4 500 by Zesa Holdings for illegally connecting electricity at their business premises. The matter only came to light after the Zesa loss control unit, acting on a tip-off, inquired and confirmed that the owner of Big Apple, a Nigerian, Mr Christian Okeke and one Mr Matanhire operating […]

Zimbabwe: Prepaid Meters Save Electricity

At least 23% of electricity is being saved through the use of prepaid meters, a senior official with the power utility’s distribution company said last week. Zesa rolled out prepaid meters in 2011 to encourage the efficient use of electricity in the wake of demand outstripping generation capacity. “We can now pay for power imports […]

Zimbabwe: Alternative Energy Sources Answer to Zim’s Energy Needs

Wood has been a source of energy globally since time immemorial. Forests which traditionally provided firewood have been “stripped naked” by people who indiscriminately cut down trees and do not bother to replace them. Heavy extraction coupled with the increasing agricultural activities also threaten natural forests, which for long has been the source of firewood. […]

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