Fri, 24 Mar 2017 13:41:11 +0000 By BUUMBA CHIMBULU EMERGENCY power imports currently at an average of 62.5 percent are being over-priced as it they are above the global benchmark cost of generation and are unsustainable, says Zambia Chamber of Mines (ZCM). ZCM president Nathan Chishimba said emergency power importation was expensive and a worrying use of Government resources as colossal sums of money was being spent. Finance Minister Felix Mutati announced recently that Government was spending an average US $30 million on power imports per month and the country could not sustain the expense. Said Mr Chishimba: “However, it is not just emergency imports that appear to be over-priced. Proposed tariffs on some of the new power generation projects that are coming on stream are also well above international benchmarks. “For example, according to a study by one of our members, the proposed electricity tariffs for Maamba Collieries and Itezhi-Tezhi are on […]
