Thu, 31 Aug 2017 10:17:45 +0000 PRESIDENT Edgar Lungu’s decisive intervention in the two-week long power supply tariff dispute between the Copperbelt Energy Corporation (CEC) and Mopani Copper Mines (MCM) cut through verbiage to the core. He ensured that full power was restored to Mopani while disputed issues were being discussed and resolved over a roundtable. The President did not pander to the oversimplification of issues but recognised the need for a logical, functional and more importantly practical solution that served the best interests of the nation. Clearly, switching off or restricting power to Mopani was not an option. Instead, the full 250 megawatts of power have been restored to Mopani and the two parties have been given six weeks in which to resolve outstanding issues. The seriousness of the matter was clearly manifested by the statement from State House which alluded to other outstanding matters, including Value Added Tax (VAT) refunds and transfer pricing […]
