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ZESA Holdings says it is shovelling 400 megawatts towards ring-fenced customers, mainly exporters, but cannot guarantee supply agreements due to depleted capacity to generate or import power. Highly placed industry sources said the State power utility had stopped ring-fenced guarantees with customers amid consistent failure to guarantee supply, even though customers pay in hard currency.
Zesa is battling to meet demand for power, which stands at 1 800MW at peak of demand against internal generation capacity of 800MW, at best, with its capacity heavily constrained by drought.
The majority of consumers that are not ring-fenced, considered non-critical and households endure long hours of power cuts, usually 18 hours, seriously disrupts their activities.
ALL SHARE
The All Share index ended the week on a lower note dropping 0.87 points 0,35 percent to close at 246.43 points. Old Mutual Limited retreated by $0,2090 to $36,4130, Powerspeed eased $0,0400 to end at $0,2800 and Edgars was $0,0350 lower at $0,1550. Bindura also dropped $0,0280 to $0,1400 and Axia traded $0,0180 weaker at $0,710.
Trading in the positive: Ariston added $0,0280 to end at $0,2280. and Innscor Africa and Proplastics both rose by $0,0030 to end at $3,7220 and $0,8250 respectively. SeedCo Limited also increased by $0,0020 to $1,7420.
Online Reporter