Thu, 24 Nov 2016 11:13:28 +0000 ZESCO owes the Energy Regulations Board (ERB) K48 million in license fees and is failing to settle the debt, the Parliamentary Public Accounts Committee (PAC) has been informed. ERB is also owed more than K18 million by oil marketing companies and other firms. Appearing for interrogation before the PAC yesterday, Energy permanent secretary Emeldah Chola confirmed that initially ERB was owed K54, 078, 218 by ZESCO and other license holders. Solwezi West UPND Member of Parliament Teddy Kasonso took Brigadier General Chola to task, demanding for an explanation as to why ZESCO had failed to settle the K48 million debt to ERB. In her response, Brig Gen Chola said ZESCO had a lot of challenges in paying debt, adding that ZESCO was not only owing ERB but several other companies as well. She said Government was currently looking at the problems at ZESCO and how best it could settle […]
