Articles tagged 'zpc'

ZPC boss received $10k from Chivayo 14 November 2018 HARARE - Former Zimbabwe Power Company (ZPC) board chairperson Nyasha Kazhanje was hauled before the courts yesterday for allegedly concealing personal interest in a transaction with Intratek Zimbabwe, which is owned by jet-setting Harare businessman Wicknell Chivayo. Kazhanje, who is also the...
Chivayo's graft trial deferred 19 September 2018 HARARE - The trial of jet setting Harare businessman Wicknell Chivayo yesterday failed to kick-off because the presiding magistrate was unavailable. Chivayo and his company Intratek Zimbabwe (Private) Limited are charged with fraud, money laundering and contravening two sections of the Exchang...
Magistrate cautions Chivayo 30 August 2018 HARARE - A Harare magistrate has cautioned businessman Wicknell Chivayo, who is facing fraud charges to abide by bail conditions after he defaulted reporting to police during Heroes’ holidays. Chivayo and his company Intratek Zimbabwe (Pvt) Ltd are being charged with fraud, money laundering an...
High Court eases pressure on Chivayo 13 August 2018 HARARE - Pressure has eased on embattled businessman Wicknell Chivayo after High Court bail-judge Benjamin Chikowero observed that the state’s case “was weak”. This followed a $5 million fraud charge against the Intratrek Zimbabwe (Intratrek) founder and related to his 100 megawatt Gwanda sola...
High Court grants Chivayo $2k bail 11 August 2018 HARARE - Jet-setting Harare businessman Wicknell Chivayo, pictured below, was yesterday granted $2 000 bail by the High Court. Chivayo had been condemned to remand prison after he was denied bail at the Harare Magistrates’ Court on Monday on grounds that he was a flight risk. Chivayo and hi...
Chivayo appeals to High Court 8 August 2018 HARARE - Controversial Harare businessman Wicknell Chivayo has approached the High Court to fight for his release from remand prison, following the dismissal of his bail application at the Harare Magistrates' Courts. Chivayo and his company — Intratek Zimbabwe (Private) Limited — are being cha...
Chivayo denied bail 7 August 2018 HARARE - Harare businessman Wicknell Chivayo, will have to fight for his freedom from remand prison after he was denied bail yesterday on grounds that he was a flight risk. Chivayo and his company — Intratek Zimbabwe (Private) Limited — are being charged with fraud, money laundering and contra...
'Chivayo sought to evade arrest' 6 August 2018 HARARE - The State has accused jet-setting Harare businessman Wicknell Chivayo of seeking to evade justice by approaching higher offices for assistance after getting wind of his intended arrest. Chivayo and his company — Intratek Zimbabwe (Private) Limited — are being charged with fraud, money...
Chivayo spends weekend in remand prison 5 August 2018 HARARE - Jet-setting Harare businessman Wicknell Chivayo, who was arrested on Thursday in connection with his power deals which saw him being advanced $5 million by Zesa Holdings (Zesa) before work commenced, will spend the weekend behind bars after Harare magistrate Elisha Singano deferred his b...
Chivayo sent to remand prison 4 August 2018 HARARE - Jet-setting Harare businessman Wicknell Chivayo, who was arrested on Thursday in connection with his power deals which saw him being advanced $5 million by Zesa Holdings(Zesa) before work commenced, was last night condemned to prison before continuation of his bail hearing today. Chiv...
Pre-paid electricity meters too expensive 30 June 2018 EDITOR — While the move to have residents purchase their own household electricity pre-paid meters is a noble idea, there still lingers many questions regarding their accessibility. We acknowledge that Zesa Holdings has been hamstrung by residents who are neglecting their bills and therefore c...
Huge blow for Chivayo 8 May 2018 HARARE - INTRATREK Zimbabwe's plans to establish a 100-megawatt (MW) solar plant in Gwanda is in jeopardy after its technical partner, Shanghai-listed CHINT Electric (CHINT), was barred from accessing funds in Africa due to fraudulent practices. This comes as CHINT's executives were due to vis...
Govt dissolves Zesa board 14 April 2018 HARARE – Government has dissolved boards for the Zimbabwe Electricity Supply Authority (Zesa), the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and the Zimbabwe Power Company (ZPC). This would allow for the establishment of a single board under the Zesa umbrella to manage...
Wicknell Chivayo in big trouble 13 March 2018 HARARE - The noose is tightening around dubious businessman Wicknell Chivayo, who is now facing a real prospect of doing jail time again, after the Zimbabwe Power Company (ZPC) ominously told Parliament yesterday that it had finished its internal probe and had since reported him to both the polic...
Wicknell now in big trouble 13 March 2018 HARARE - The noose is tightening around dubious businessman Wicknell Chivayo, who is now facing a real prospect of doing jail time again, after the Zimbabwe Power Company (ZPC) ominously told Parliament yesterday that it had finished its internal probe and had since reported him to both the polic...
Wicknell spills the beans on deals 13 February 2018 HARARE - Controversial and high-living businessman, Wicknell Chivayo, yesterday told Parliament how former president Robert Mugabe's office and two ministers had used their influence to have him awarded multi-million-dollar power deals which are now under investigation by government. The burly...
Wicknell spills beans on deals 13 February 2018 HARARE - Controversial and high-living businessman, Wicknell Chivayo, yesterday told Parliament how former president Robert Mugabe's office and two ministers had used their influence to have him awarded multi-million-dollar power deals which are now under investigation by government. See today...
Wicknell Chivayo's woes mount 3 February 2018 HARARE – Controversial businessman Wicknell Chivayo’s woes continue to mount after he was dragged to the High Court on Tuesday for failing to pay for shares he bought in a local company. According to court papers filed earlier this week, the first and second applicants in the matter are Chisho...
Spotlight falls on Chivayo again 18 January 2018 HARARE - The Parliamentary Portfolio Committee on Mines and Energy is putting pressure on government to implement the moribund Gwanda solar energy project with haste, throwing the spotlight on flamboyant businessmen Wicknell Chivayo once more. Chivayo was awarded a $200 million tender to roll ...
Zimta, ZPC in bitter land row 10 January 2018 BULAWAYO - Zimbabwe Teachers Association (Zimta) is embroiled in a nasty land wrangle with the Zimbabwe Power Company (ZPC), in a development that has created bad blood between the two organisations. The land which measures about 718 hectares was legally acquired by Zimta in 2014 from the Cent...
Zim Power Company records $25m profit 17 August 2017 HARARE - National power utility Zesa Holdings subsidiary — Zimbabwe Power Company — has become one of the few government entities to record a profit. The State-owned company’s managing director Noah Gwariro said ZPC has recorded a $25,3 million profit after tax for the year ended December 31, ...
Crippling power cuts looming 20 July 2017 HARARE - Zimbabwe's power imports for the first quarter of 2017 went up by about 10 percent as local production slumped 23 percent, a development that local energy experts anticipate to result in load shedding if not properly managed. With a local demand of about 1 400 Megawatts (MW), the coun...
Zimbos fear for the worst 24 May 2017 HARARE - There are growing fears among long-suffering Zimbabweans that the country is on the verge of a complete implosion — after it was confirmed earlier this week that the country is failing to pay its external electricity suppliers. This comes as stressed banks have also warned that the bo...
ZPC to ramp up power production 8 May 2017 HARARE - Zimbabwe is expected to produce more electricity this year due to improved water levels at Kariba Dam, the Zimbabwe Power Company (ZPC) has said. This comes as the country endured power cuts almost daily last year due to a devastating drought in 2015 that saw water levels declining by...
Cash crisis hits power generation 29 December 2016 HARARE - National power utility Zesa Holdings (Zesa) says it is struggling to generate enough electricity to cater for the whole country due to the worsening cash crunch and lack of foreign currency. The company’s subsidiary, Zimbabwe Power Company (ZPC), yesterday said it produced a total of ...