Mon, 30 Nov -0001 00:00:00 +0000 GOVERNMENT has embarked on an exercise which will give the Energy Regulation Board (ERB) power to review the electricity tariffs for the 25-year Power Purchasing Agreements (PPA) signed between the mines and Zesco, says Ministry of Energy director Oscar Kalumiana. Mr Kalumiana said the exercise once completed would be taken to Parliament for ratification and then enacted into law. He explained that the current law did not allow Government to adjust the electricity tariffs even if they were not cost reflective. He was speaking when he appeared before the budgetary committee on implications of fuel, electricity and agricultural subsidies chaired by Mbala lawmaker Mwalimu Simfukwe. “We have also embarked on a serious exercise to review our legislation. There is a consideration now that the law should be changed and give the ERB leeway to have a say on those agreements so that if it is not cost reflective, […]
ERB proposes review of ZESCO, mines Power Purchasing Agreements
