SA Electricity And Water Related News

Zim paid back some money

2 July 2019

Eskom confirms Zim paid back some of the money

Eskom has confirmed that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account.

Earlier on Tuesday, Fin24 reported that Zimbabwe Energy minister Fortune Chasi posted proof of the country's US$10m (about R139m) payment to Eskom on Twitter. The country has been suffering power outages due to outstanding debt.

Eskom is owed a total of US$33m from Zimbabwe. On Tuesday afternoon, it said in a statement that it had received a payment from Zimbabwean authorities, but did not name the amount.

"Discussions will continue with the Zimbabwe Electricity Supply Authority (ZESA) to find a mutually beneficial solution to the outstanding debt. Eskom is a commercial operation and will be guided by the contracts we have in place with ZESA," Eskom's statement read.

In his Twitter post, Chasi also said that further discussions with Eskom would be needed, as the repayment of debt did not guarantee power supply.

"Whilst we have paid US$10m, this is no guarantee for power. We need to negotiate," he Tweeted.



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  The article was published at www.fin24.com - please click the link below to visit the original source:

https://www.fin24.com/Economy/Eskom/eskom-confirms-zim-paid-back-the-money-20190702

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