ZIMRE Holdings Limited (ZHL) saw its annual diesel consumption bill grow more than fourfold on powering generators across all its units in 2023 as recurring electricity cuts worsened.
Zimbabwe last year endured severe electricity shortages resulting in some areas being switched off for an average of 18 hours a day.
The dire power situation emanated from low water levels at Kariba Dam and frequent breakdowns at several aging thermal power stations in Hwange.