Tue, 18 Apr 2017 06:25:59 +0000 $712m power import bill ZESCO pleads for tariff hike to save money BY MAILESI BANDA THERE is urgent need for immediate increase in electricity tariffs to easy ZESCO’s liquidity challaenges, encourage investment in the energy sector and reduce the cost of importing power, ZESCO director for strategy and corporate services Changala Nswana has said. Mr. Nswana said the country was currently unable to attract investments in the energy sector because the 3.3 US cents/kWh tariff was too low. Speaking at a presentation on the need to increase electricity tariffs at the Zambia Association of Manufacturers (ZAM) meeting, he said the need for investments in the sector was aimed at increasing generation capacity to meet growing demand. Mr Nswana explained that if the country did not move to cost reflective tariffs soon more money would continue being spent on importing power because the country did not have enough to meet […]
