Search results: zesa

Fin24Zimbabwe’s mine houses are considering going off grid to avoid crippling breaks in production, as the country continues to battle unstable power supply.In 2019, Zimbabwe endured up to 18 hours of load shedding per day. At...

GOVERNMENT has set aside $8,5 billion to support electricity generation and imports this year as part of efforts to improve power supply and ease load shedding.A further $500 million will be injected into the economy in...

Zimbabwe’s annual gold output fell 16.8% to 27.6 tonnes in 2019, coming off its record highs in 2018, as producers battled with power cuts and a currency crisis.The country had a record haul of 33.2 tonnes...

Zimbabwe is facing worse power cuts after the Hwange Power Station was flooded on Saturday.In times like these, the smaller thermal stations would be expected to pick up the demand. But none of them are working,...

KARIBA Dam is left with only 1,23 metres or 8,50%  of water usable for power generation known as live water  before reaching the stipulated  minimum threshold after it further dropped by 13 centimetres this week to...

The Zimbabwe Energy Regulatory Authority (Zera) said yesterday it has licensed a joint venture between locals and Chinese investors, the Zimbabwe Zhongxin Electrical Energy Private Limited (ZZEE), to establish a coal fired power plant that will...

The 2019 survey report by the Zimbabwe National Chamber of Commerce (ZNCC) on the impact of energy challenges on business paints a grim picture of the state of production in the economy.Unrelenting power cuts and fuel...

Zimbabwe’s coal producers are making a push to be partly paid in foreign currency by ZESA after the Reserve Bank of Zimbabwe (RBZ) recently directed the State-owned power utility to bill exporters in hard currency, an...

TWO coal mining companies are set to commence production next year in Hwange, in a development likely to boost guaranteed coal supplies to Hwange thermal power plant.Coal intake at the power station will significantly increase when...

Economists and industrialists have expressed mixed reactions over the prevailing fuel and energy supply instability, which has seen economic productivity slowing down.The fuel shortages, which began in 2018, have resulted in buses, haulage trucks and private...

Miners are demanding that the government should reduce diamond royalties to around 7.5% to encourage them to produce more to meet the government’s target of US$12bn mining revenue by 2023.This is after Finance Minister Mthuli Ncube...

Bindura based Nickel producer Bindura Nickel Corporation (BNC) says the Reserve Bank of Zimbabwe must allow mining companies to retain at least 80% of their export earnings in foreign currency as they spend a lot of...