Mon, 18 Sep 2017 09:24:57 +0000 By Aaron Chiyanzo ZESCO power has proved to be so expensive and now First Quantum Minerals (FQM) wants to import cheaper power from neighbouring countries. ZESCO spokesperson, Henry Kapata confirmed that the mining giant opted to import power as it claims ZESCO tariffs were too high and would affect their profitability. And Minister of Energy David Mabumba also said that Zambia had not yet established cost reflective tariffs but that Government was working out modalities to ensure they were in place. FQM president Clive Newall said that the mining giant had agreed to a tariff increase of about US$0.09 per kilowatt hour, provided that Kansanshi and Sentinel could each import a portion of their total power requirements from alternative suppliers. Mr Kapata however emphasised that ZESCO had enough power to supply both FQM’s Kansanshi and Kalumbila mines, and still remain with a surplus. He disclosed that FQM claimed that […]
