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Mnangagwa Reinstates Suspended ZESA Boss

President Emmerson Mnangagwa has reinstated Dr Sydney Gata as ZESA Holdings Executive Chairman following his suspension last month pending Zimbabwe Anti-Corruption Commission (ZACC) investigations into corruption allegations against the latter and his board. Gata was accused of six acts of misconduct that include, self-allocation of six vehicles for personal and family use, authorising an expenditure […]

ZSE Switches To Solar Energy

As part of its strategy to cut on costs and promote sustainable renewable energy, the country’s flagship bourse, the Zimbabwe Stock Exchange (ZSE) has switched to solar energy and expects to save up to US$ 42 000 in electricity spending, 263Chat Business has established. The 40 Kilo-volt-amperes (kVA) solar plant was commissioned yesterday by the […]

More Woes As Zesa Increases Electricity Tariffs

National power utility Zimbabwe Electricity Supply Authority (ZESA) has announced new electricity tariff increase to take effect from the 1st of March, piling more burdens on the already hard-pressed citizens. In a statement, Zesa subsidiary company, the Zimbabwe Electricity Distribution Company (ZETDC) said the increase were as a result of the exchange rate and inflation. […]

Stiffer Penalties For Electricity Theft

The inaugural e-cabinet has approved the proposed amendment to the Electricity Act to introduce stiffer penalties for crimes related to electricity theft, destruction and tampering with electricity Infrastructure. Information, Publicity and Broadcasting Service Minister Monica Mutsvangwa revealed this during a post cabinet press briefing. “Cabinet considered and approved the principles for the proposed amendment to […]

Eskom Power Crisis Keeps Zim In The Dark

Zimbabwe’s hopes for an improvement in power supply have been dashed following a major setback in power generation at South Africa’s utility company, Eskom due to a reported technical challenge. Eskom, which supplies 400 Megawatts (MW) to Zimbabwe, has since beginning of this week experienced unplanned breakdowns due to flooding which hit Pretoria and surrounding […]

High Power Tariffs Force BNC To Delay Smelter Plant Restart

Africa’s only integrated nickel mining and smelting company, Bindura Nickel Corporation (BNC) will further push the restart of its smelter plant into its next financial year commencing in April 2020 owing to high power cost of running the plant at current tariffs, 263Chat Business can reveal. The new smelter plant, which is now 83 percent […]

ZESA Hikes Tarrifs by 227%

The Zimbabwe Electricity Supply Authority (ZESA) Friday announced new power tariffs for domestic users which will see low power users having to deal with a 227% hike. Low power users who are connected to the 200kWh/month will start paying t ZWL157 up from ZWL48 which translates to an average of US$0.12 per kWh up from […]

Social Media Reacts To Wicknell’s Flying Kick Jest

Controversial businessman, Wicknell Chivayo has caused a social media stir after appearing in a video in which he threatened to unleash flying kicks on anyone who accuse him of swindling US$5 million from Zimbabwe Electricity Supply Authority’s (ZESA) Gwanda solar project. In a video circulating on social media, Chivayo captures himself going  through an exercise session where […]

ZESA Has Right To Cut Off Power – Chasi

Energy and Power Development Minister, Fortune Chasi has made it clear that Zimbabweans deserved to have their power disconnected as most of them have failed to service their electricity bills which has seen the power utility company, ZESA sinking into huge debts. Posting on his twitter on Monday, Chasi raised the ire of Zimbabweans who […]

Eskom Denies Receiving Power Supply Payment From Zim

South African power utility, ESKOM, has denied receiving payments from Zimbabwe to service the estimated US$83 million debt which has further escalated the incessant power cits being a currentkly witness in the country. The government on Tuesday said it had paid US$10 million to the South African company as part of efforts to reduce the […]