Zimbabwe Says Importing 300 MW From Regional Power PoolHARARE (Reuters) - Zimbabwe has started importing 300 MW of electricity from a regional power pool in a $15 million deal and is negotiating for another 400 MW from South Africa, cabinet ministers said on Tuesday, in a bid to end crippling power cuts. Drought-induced low water levels at the Kariba hydro plant and ageing coal generators that keep breaking down have left Zimbabwe producing just half of its 1,700 MW peak power demand, forcing the national utility to impose 18-hour power cuts. Information and Broadcasting Minister Monica Mutsvangwa told a post-cabinet news conference that power utility ZESA Holdings was “now accessing 300 MW during off-peak hours” from the Southern African Power Pool, a regional industry collaboration linking up national grids which was created in 1995. Acting Energy Minister Sekai Nzenza added that the utility was negotiating with an unnamed local bank for a $15 million loan to pay South Africa’s Eskom, to unlock power supplies to Zimbabwe. Eskom, which is itself struggling to meet South Africa’s electricity needs and reported a $1.5 billion annual loss on Tuesday, had no immediate comment. Zimbabwe owes Eskom $23 million for previous power supplies after paying $10 million last month. “These initiatives that have been put in place will enable us to have more power,” Nzenza said. ZESA’s acting chief executive said this month the utility required $14 million for monthly imports from the regional power market. Zimbabwe’s energy regulator is considering raising the electricity tariff to help loss-making ZESA raise money to buy spares for its coal generating plants as well as import more power. (Reporting by MacDonald Dzirutwe; editing by Emelia Sithole-Matarise)