{"id":86356,"date":"2023-11-07T11:06:49","date_gmt":"2023-11-07T09:06:49","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zesa-lost-us3-7-billion-due-to-low-tariffs"},"modified":"2023-11-07T14:34:06","modified_gmt":"2023-11-07T12:34:06","slug":"zesa-lost-us3-7-billion-due-to-low-tariffs","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zesa-lost-us3-7-billion-due-to-low-tariffs","title":{"rendered":"“ZESA Lost US$3.7 Billion Due To Low Tariffs”"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>ZESA Holdings is mulling more tariff increases, saying it lost US$3.7 billion over the years because of below-cost tariffs.<\/p>\n

The power utility was recently awarded a US$0.002 per kilowatt hour tariff increase by the Zimbabwe Energy Regulatory Authority (ZERA).<\/p>\n

ZESA\u2019s power distribution arm, the Zimbabwe Electricity Transmission Distribution Company (ZETDC), then increased the tariff from US$0.10 per kilowatt-hour to US$0.12, which is still slightly below the regional average of US$0.1254.<\/p>\n

Speaking during the State of the Mining Industry report breakfast seminar held in Bulawayo last week, ZETDC acting managing director Abel Gurupira said the power utility requires US$2.8 billion to revamp Hwange Power Station units 1 to 6. NewsDay<\/b> quoted Gurupira as saying:<\/p>\n

We are looking at US$2.8 billion that we need for rehabilitation and repowering, maintenance and the construction of Hwange Units 1 to 6. Unfortunately, the country has ceased to be credit-worthy.<\/p>\n

Who will want to invest when you cannot recoup? We have lost almost US$3.7 billion because of below-cost tariffs.<\/p>\n

Zimbabwe is currently experiencing heightened load shedding as Hwange\u2019s Unit 7 is undergoing its 30 days mandatory maintenance process which would be followed by Unit 8.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. ZESA Holdings is mulling more tariff increases, saying it lost US$3.7 billion over the years because of below-cost tariffs. The power utility was recently awarded a US$0.002 per kilowatt hour tariff increase by the Zimbabwe Energy Regulatory Authority (ZERA). ZESA\u2019s power distribution arm, the Zimbabwe Electricity Transmission Distribution Company (ZETDC), then increased […]<\/p>\n","protected":false},"author":84,"featured_media":86355,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,402,13550,1855,675,645,19],"class_list":{"0":"post-86356","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-electricity","12":"tag-electricity-tariff-hike-2","13":"tag-electricity-tariffs","14":"tag-zesa","15":"tag-zetdc","16":"tag-zimbabwe"},"yoast_head":"\n"ZESA Lost US$3.7 Billion Due To Low Tariffs" - zimbabwe<\/title>\n<meta name=\"description\" content=\"ZESA Holdings is mulling more tariff increases, saying it lost US$3.7 billion over the years because of below-cost tarif ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zesa-lost-us3-7-billion-due-to-low-tariffs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""ZESA Lost US$3.7 Billion Due To Low Tariffs"\" \/>\n<meta property=\"og:description\" content=\"ZESA Holdings is mulling more tariff increases, saying it lost US$3.7 billion over the years because of below-cost tarif ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zesa-lost-us3-7-billion-due-to-low-tariffs\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-07T09:06:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-07T12:34:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/11\/sm_1699344043.386096.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"639\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zesa-lost-us3-7-billion-due-to-low-tariffs\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zesa-lost-us3-7-billion-due-to-low-tariffs\",\"name\":\"\\\"ZESA Lost US$3.7 Billion Due To Low Tariffs\\\" - 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