Fri, 25 Aug 2017 11:40:17 +0000 Dear Editor, IN THE front page article entitled, “Mine crisis deepens”, (Daily Nation, August 23, 2017), Zambia Republican Party president Wright Musoma did shed some light on the various complex contractual, political, social, and economic challenges being faced by the PF government after the Copperbelt Energy Corporation (CEC) reportedly increased electricity tariffs to the mining companies unilaterally. The article offered a deep and an insightful analysis of the Power Supply Agreement (PSA) signed between the CEC and Mopani Copper Mines (MCM) at the behest of the World Bank. With this in mind, let’s begin with the historical context that produced it. First, Copperbelt Power Company (CPC), the forerunner to CEC was established by then private companies namely Anglo American Corporation and Roan Selection Trust, the precursors to Zambia Consolidated Copper Mines (ZCCM) to service their power needs. Somehow, during the privatisation of ZCCM, the CPC was privatised as a […]
