THE Zimbabwe Energy Regulatory Authority (Zera) is seeking international consultants to carry out an independent review of the operations of power utility Zesa and its subsidiaries.
BY BUSINESS REPORTER
“The objective of the review is to examine and review the operations and cost structure of Zesa Holdings and its subsidiaries with a view to identifying areas of possible efficiency improvements or cost savings and recommend how these can be achieved in order to improve the utility’s viability,” Zera said.
Interested bidders have up to August 19 at 10am to submit their bids.
The review of Zesa and its subsidiaries comes after Zera threw out an application by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) for an increase in tariffs.
Last week, Zera rejected an application by ZETDC for a 49% hike in electricity tariffs after taking into account the performance of the economy in 2014 and last year, adding that it also considered government’s efforts to address the ease of doing business.
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Zera chairperson, Ester Khosa said last week that utilities had to improve efficiency levels “as well as implement cost-cutting measures”.
Zesa has four subsidiaries — Zimbabwe Power Company (ZPC), ZETDC, Powertel and Zesa Enterprises (Zent).
ZPC is the power generation arm of Zesa, while ZETDC is in charge of transmission and distribution.
Zent is the investment arm for Zesa that has a diversified business portfolio and spearheads the drive into new dimensions such as land development, irrigation works and installations, manufacturing electricity end use equipment, development of new IT products and regional markets.