The Sunday Mail
Online Reporter
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says it will switch off some mining companies over ballooning debts to the power utility.
ZETDC is a subsidiary of the national power utility, Zimbabwe Electricity Supply Authority (ZESA).
Official figures show that the country’s mining companies are in arrears of US$37 million and $400 billion to the power company.
Said ZETDC acting general manager Mr Howard Choga this week:
“Mining sector companies owe the power utility a total US$37 million and $400 billion in local currency.
“The money owed is in operating payment plans; that is how we have arrived at the balance.
“Those not paid up will be switched off. Our collection rate ranges from 106 percent to 110 percent.”
