Farai Dziva|Eskom, has placed tight conditions for ZESA following an agreement of a payment plan between the two power utilities.

Under the agreement, Zimbabwe committed to making weekly payments of US$890 000 to service the US$33 million debt and also undertook to submit weekly reports on this arrangement.

There is no room for leniency in the deal.

According to Business Times , the power supply agreement is backed by a US$15 million guarantee from a regional bank.

“Negotiations between Eskom and Zesa were not easy given Zimbabwe’s record in servicing debts.
Zimbabwe has to adhere to several conditions to keep this arrangement active.

Eskom has made it clear that it will not hesitate to switch off Zesa if it fails to effect its payments,” a source in the South African power utility said.