Zimbabwe reduces Cahora Bassa power bill
Maputo – Zimbabwe has managed to reduce its unpaid electricity bills to Mozambique from $12 million to $3 million, according to media reports on Thursday.
"Zimbabwe has been paying with difficulties, but the payments are satisfactory," chairman of the board of national electricity utility Electricidade de Mozambique Manuel Cuambe, told state-controlled Televisao de Mozambique.
Zimbabwe buys electricity from Mozambique’s Cahora Bassa hydro-electric dam on the Zambezi River. Over the past 10 years it had failed to pay its debts on time due to its prolonged financial and political crisis. – Sapa