Import duty on ZESA equipment suspended

Import duty on ZESA equipment suspended
Published: 26 November 2013
Power utility, ZESA Holdings has received a shot in the arm after government gave it a one year import duty suspension on equipment.

According to Statutory Instrument 157 of 2013, ZESA Holdings was awarded a reprieve on duty for import of power equipment, critical spares and transformer components that may be purchased by its four subsidiaries.

ZESA spokesperson, Fullard Gwasira said it was an exciting development which the Ministry of Finance and the power company deemed as a low hanging fruit in mitigating power shortages.

The duty suspension will have a huge impact as the Zimbabwe Power Company (ZPC) has embarked on a US$400 million expansion of the Kariba Power Station which will add 300 megawatts to the national grid.

ZESA is also repowering three thermal power stations; Harare, Munyati and Bulawayo in a bid to boost power output and this will require the importation of equipment.

After the rehabilitation, Harare is expected to produce 60 megawatts ofpower up from 20, while Munyati’s capacity will go up by 65 megawatts to its capacity of 90 megawatts.

Bulawayo is expected to produce 120 megawatts up from 25.


- zbc
Tags: Zesa,

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