Currency dispute stalls private investment in Zimbabwe energy sector

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Nyangani Renewable Energy wants to be paid in US dollars but the Zimbabwe Electricity Transmission and Distribution Company wants to pay in Zimbabwe dollars

An electrical substation. File photo: REUTERS/GO NAKAMURA

Nyangani Renewable Energy, which operates solar and hydropower plants in Zimbabwe and Malawi, took the Zimbabwe Electricity Transmission Distribution Company to the Johannesburg branch of the International Chamber of Commerce to rule on the disagreement over a currency conversion agreement. Zimbabweans are subjected to regular power cuts because of the inability of Zesa Holdings to meet demand, and the state-owned company is struggling to pay for privately produced power because of a shortage of foreign currency. Other projects are stalled as producers await the outcome of the case.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I think I'm the most excited person in the world right now I can't take this surprise alone, I will never stop appreciating Lisatownnsend for her amazing work and honesty.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘I don’t plan to leave my job,’ says investment banker who won R7m Lotto'As an investment banker, I know the best investments and will invest a large portion of my winnings and pay off all my debt,' says the lucky winner. I still can't believe that real account manager exist I am so happy trading with shantelll_142 i never took her serious because I taught she was a scam like others ,until my first withdrawal of R60,000 within just one week of trading! I am so grateful 🤗🤗 For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Bowser_51 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Source: TimesLIVE - 🏆 28. / 59 Read more »