By KETRA KALUNGA By KETRA KALUNGA ZESCO is renegotiating power purchase agreements with the Independent Power Producers (IPPs) following the substantive losses it has been making from the deals, says Energy Minister Matthew Nkhuwa.Zesco has been buying power from IPPs at about 11 cents per kilowatt hour but selling it at five cents per kilowatt hour to customers.Mr. Nkhuwa said in an interview that experts drawn from Zesco and Government were already negotiating with the private power producers.“The power purchase agreements have already started being negotiated, we started negotiating these last year,” he said.Earlier, Zesco corporate affairs manager, John Kunda said the difference in the buying and selling price represented a subsidy of about 6.7 per kilowatt-hour.“We are buying power from various IPPs at prices ranging from eight cents per kilowatt-hour to 13.5 cents per kilowatt-hour, the buying price is higher than the selling to price,” he saidDr. Kunda said for the power utility firm […]
Cheap electricity coming
