Wed, 12 Apr 2017 06:08:17 +0000 ZESCO will continue to import electricity from Independent Power Producers (IPPs) at a total cost of US $502 million this year in order to meet local demand for power, managing director Victor Mundende has said. Mr. Mundende said due to the expensive electricity that the utility company will be importing, there was need to adjust the price upwards in order to sustain the importation of power as Government was no longer supporting the company as the move had proved unsustainable He said as a result, the high cost of power from IPPs needed to be supported by an adjustment in tariffs so that Zesco could continue to make these purchases, adding that while Zesco received support from the Government for purchases of power from IPPs and imports in 2015 and 2016, it now expected its tariffs to be cost-reflective. He explained that Zesco will purchase 4,543 GWh of […]
