By BUUMBA CHIMBULUZESCO has completed 31 sub-projects from the share of the US$750 million Eurobond invested to improve service delivery.From the US$750 million Eurobond which falls due in 2022, Zesco was allocated US$255 million for implementation of two power projects.These are the Power Distribution Project called Euro Bond Project and the Kafue Gorge Lower Hydro Power Project.As at the end of March 2020, a total of 40 sub-projects under the Eurobond project were committed, said Zesco Senior Manager Corporate Affairs, John Kunda.Dr Kunda explained that 31 of the sub-projects had been completed while a balance of nine sub-projects were currently still under execution.“The Eurobond Project portfolio consists of 40 individual components or sub-projects of which 37 are in Lusaka,” Dr Kunda said in a report of how Zesco has utilised funds from the US$750 million Eurobond.He said the total cost expended so far on the completed sub-projects was about US$ 63million out of the allocated […]
Zesco completes 31 projects
