UNLESS we continue to gradually increase the electricity tariffs in the next five years, there is a real possibility that Zambia would slide into serious power shortage, Finance andNational Planning Minister Situmbeko Musokwane has warned.Dr Musokotwans says Zambi is in the next five years expected to have a serious electricity shortage, the more reason Cabinet has approved a gradual tariff increase of energy prices toattract investment in the sector.And Dr Musokotwane has disclosed that the country’s external debt has now swelled to US$13.36 billion as at end of September 2022, owing to a continuation of projects left by theprevious government.Dr Musokotwane was speaking at the town hall meeting in Lusaka yesterday to discuss the 2022 Economic Performance and 2023 Budget Execution.Dr Musokotwane said the current electricity being generated was not enough to supply the country for the next five years and that there a real possibility that the country could slide intoserious energy crisis in […]
Zambia to experience acute electricity shortage
if tariffs are not increased – Musokotwane
