'I stopped load shedding in SA and I will do so in Zimbabwe' - Eskom's ex-acting CEO Koko - Zimbabwe Situation

‘I stopped load shedding in SA and I will do so in Zimbabwe’ – Eskom’s ex-acting CEO Koko

Source: ‘I stopped load shedding in SA and I will do so in Zimbabwe’ – Eskom’s ex-acting CEO Koko | Fin24

Matshela Koko

Former Eskom acting chief executive Matshela Koko says he will stop load shedding in Zimbabwe in the next 12 months, even though his solar company’s planned plant is only capable of producing a projected 100 MW against Zim’s 900 MW shortfall.

Matshela Energy has been awarded a licence to build a solar plant in Zimbabwe which is expected to produce around 100 MW of electricity.

Zimbabwe is facing an electricity supply crisis, which has led to rotational load shedding with outages lasting up to 18 hours.

SA’s neighbour started implementing load sheddingin May this year, due to a combination of low water levels at Kariba Dam’s hydroelectric power plant, generation constraints at ageing power stations and limited foreign imports.

“I can confidently say that there will be no load shedding in Zimbabwe in the next 12 months,” Koko tweeted on Sunday.

“I stopped load shedding in SA & I will do so in Zimbabwe,” he added.

Koko also told Zimbabwean state media outlet The Sunday Mail that the project could be expected to feed into the national grid within the next 12 months.

“The board of Zera [Zimbabwe Energy Regulatory Authority] approved the issuance of the electricity generation licence to Matshela Energy for Phase 1. Total approximate investment for licensed generation facility: US$250m.”

The project will create approximately 1 000 direct and indirect jobs, said Koko.

He said the he had assembled a team of energy experts and investors from different parts of the world to embark on the project.

“Our partners will be on site in August to complete the detailed design for the power plant. We believe our team is competent and second to none and will deliver the project without fail.”

Koko resigned from Eskom in early 2018 during a disciplinary hearing. In his resignation letter, Koko said that he was resigning from the power utility without admitting to guilt.

COMMENTS

WORDPRESS: 4
  • comment-avatar
    Mapingu 2 months ago

    Koko is moving his money-spinning activities from S. Africa (clearly running away from CR’s gvt which seems to be intolerant of these Gupta guys)to Zim where everything thing remains “Open” – as long as you eat with the right people. Here comes new trouble for Zimbabwe. You can imagine a combination of so-called businessmen of the likes of Chivayo, Koko, Guptas, Duduzane, Philip, etc; and also bring all zanu pf politicians & top security guys into the mx. Nyika inopera kuti tsakata-tsakata – hapana chimwe chekutarisira ipapo.

  • comment-avatar
    Mukanya 2 months ago

    The guilty are always acknowledged by their bravado talk.

  • comment-avatar
    ace mukadota 2 months ago

    Matshela left Eskom in a cloud of controversy after he was linked to irregular coal-supply deals to Gupta companies.
    Zimbabwe has awarded Matshela Koko, the controversial former CEO of South African power utility, Eskom, a contract to build a 100MW solar power plant in Gwanda, Matabeleland South.

    Does ZW have any people with any intelligence left comrades ?

  • comment-avatar
    Ndonga 2 months ago

    Koko will cause kaka wherever he sets his feet. Zimbabwe be afraid… very afraid.