Sat, 06 May 2017 15:04:34 +0000 By MUKOSELA KASALWE ZESCO’S 75 percent tariff increase will create the necessary investor confidence and appetite in the energy sector in terms of power generation, distribution and power infrastructure, says Zesco managing director Victor Mudende. Mr Mudende said in Lusaka yesterday at the Energy Regulation Board public hearing on its application to review tariffs, that Zambia’s current electricity charges were unable to attract investors in the energy sector as the country had one of the lowest tariffs in the region. He said it was vital to have regular tariff adjustment even as the cost of service was being undertaken but stated that if the status quo was to be maintained then there would be perpetual load shedding as available power would not meet the growing economy as well as population growth. Mr Mudende said ZESCO desired to provide ‘‘timeless power and quality service’’ but that it was […]
