By BUUMBA CHIMBULUTHE intention by the new Government to move towards cost reflective tariffs should be well managed to ensure that it does not inadvertently hurt industry and local production in the process.The industry is looking forward to various engagements on the development of the energy sector specifically with the intention to move towards cost reflective tariffs, according to the Zambia Association of Manufacturers (ZAM).ZAM vice president-South, Chipego Zulu-Chileshe, said this must be a well-managed process that cushions the adverse effects of an exponential increase in the cost of energy for the manufacturing sector.“With respect to the energy sector we continue to monitor developments around the sector and welcome the measures that have been announced in part by the President Hakainde Hichilema and the commitments that have been made towards delivering affordable and clean energy and powering the nation.“As manufacturers, we are constantly calling consistent and steady supply of energy that is affordable and we […]
‘COST-REFLECTIVE TARIFFS SHOULD NOT HURT INDUSTRY’
