Monday, 22 July 2019 05:33 GMT
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Eskom receives USD10m debt repayment from Zimbabwe




(MENAFN) Eskom, a power utility firm in South Africa, received USD10 million from Zimbabwe as repayment of debt.

Debt of Zimbabwe to Eskom is totaled at USD33 million.

Zimbabwe is anticipating the repayment to contribute in boosting power imports from the South African power utility.

Reports also revealed that the government settled a debt valued at 20 million RTGS dollars to power utility ZESA and is expected to repay another 20 million RTGS dollars in the short term.

Information Minister Monica Mutsvangwa stated: "cabinet was advised by the Minister of Energy and Power Development that Treasury has now fully paid off government's debt obligation to ZESA, which was around RTGS 20 million."

Mutsvangwa added: "a further RTGS 20 million is due to be advanced to ZESA by Treasury, in order to boost power generation by the utility. This, together with the payment of 10 million U.S. dollars to Eskom, should help alleviate the current power supply situation."

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Eskom receives USD10m debt repayment from Zimbabwe

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