Fri, 25 Aug 2017 10:39:31 +0000 By Bennie Mundando IT is an act of economic sabotage for the Copperbelt Energy Corporation (CEC) to unilaterally reduce power to the mining industry and Mopani Copper Mines (MCM) in particular thereby abrogating the Power Purchase Agreement (PPA) which calls for arbitration in the event of a dispute. The loss of copper production and impending loss of jobs, caused by an artificial restriction of power, when arbitration had not been exhausted was an act of blackmail which Zambians should condemn in the strongest terms, industry sources have said. Mopani had applied for a mandatory court order to compel CEC to supply electricity at full capacity. “There is a legally binding agreement that compels CEC and Mopani to seek arbitration in the event of a dispute. Acting outside this agreement, to create political pressure against the mines is illegal,” said the sources. Former UPND presidential assistant for special duties Edward […]
