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Monday, 24 February 2014

Zimbabwe faces hike in power tariffs

Zimbabweans should brace for a hike in power tariffs from next month after revelations that the national power utility was charging way below the cost of production.

Operational inefficiencies at Zesa Holdings have compounded the situation, with the utility failing to curb power theft by electricity users, despite introducing prepaid meters.

Zimbabwe  Electricity Regulator CEO Gloria Magombo said a cost supply study conducted by an independent consultancy last year found that the national utility was incurring losses.