October 9, 2019 / 7:11 AM / 13 days ago

Zimbabwe hikes average electricity tariff by 320% - energy regulator

HARARE, Oct 9 (Reuters) - Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.

Power cuts lasting up to 18 hours have hit mines, industry and homes and, together with a devastating drought, have been cited by the treasury as among the main reasons why the economy is set to contract by up to 6% this year. (Reporting by MacDonald Dzirutwe Editing by Andrew Heavens)

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