Tue, 04 Jul 2017 10:27:53 +0000 By SANDRA MACHIMA THE Chamber of Mines have been challenged to publish tariffs at which mines are paying following reports that ZESCO does not subsidize electricity to the mines. Energy expert Johnstone Chikwanda differed with the Chamber of Mines over the alleged electricity subside that the mining industry was still enjoying. Mr Chikwanda said electricity availability in Zambia was an aggregate of what ZESCO produces, plus import uptake from independent power producers (IPP) in Zambia, some of whom were selling to ZESCO at more than $12 cents following the high cost of imports. ZESCO’s operational costs exacerbated by the exchange rate, maintenance costs of aged equipment and expansion programme have also spiked over the last decades. Mr Chikwanda said the claim from the Chamber of Mines was coming at a wrong and sensitive time when government was removing subsidies by end of the year. “The Energy Forum Zambia […]
Publish mine electricity tariffs, Chamber of Mines challenged
