ZPC

During the Parliamentary Public Accounts Committee and Mutapa Investment Fund tour of Hwange Power Station, ZESA Holdings Acting Group CEO Eng. Cletus Nyachowe highlighted that the ZESA rebundling exercise is progressing well and is expected to be completed by the end of 2026.

He noted that provisional unaudited results show the utility transitioning from losses in 2024 to profitability in 2025, while Zimbabwe has experienced no load shedding from January to date. He also emphasized the need for Government support in restructuring legacy debt to unlock cashflows for network improvements and presented a pipeline of projects aimed at achieving energy security and universal access by 2030.

The Acting Group CEO further stressed the importance of preserving the current tariff structure to sustain investor confidence and continue attracting energy infrastructure investments under the prevailing positive policy environment and cost-reflective tariff framework.

During his presentation, he pointed that ZESA is owed 18 billion in its debtors of which a total of 5.3 billion is in government departments, parastatals and local authorities. The CEO implored the PPC on Public Accounts to assist from a policy and regulatory space for treasury to settle the debt on behalf of these quasi-government entities.

The Parliamentary Public Accounts Committee is at Hwange Power Station today as part of its oversight tour of entities under the Mutapa Investment Fund.
The Chairperson of the Committee, Honourable C Mateu says the visit aims to assess transparency, accountability, financial management, and the sustainability of investments within Zimbabwe Power Company. The Committee is also reviewing progress in power generation and efforts that have contributed to reduced load shedding across the country.
PAC remains committed to strengthening governance and ensuring public entities deliver value toward Zimbabwe’s economic development.