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Bulk power users should pay cost reflective electricity tariffs to sustain ZESCO-Yaluma

Government says there is need for bulk power users to pay cost reflective electricity tariffs to ensure Zesco remains afloat and economically viable.

Minister of Mines Christopher Yaluma says government has engaged mining companies on the Copperbelt over the proposed revised electricity tariffs to be implemented by Zesco for bulk users.

Mr. Yaluma says government wants to create favorable attractive economic tariffs without injuring the mining companies or disadvantaging Zesco.

He was speaking in an interview with Journalists after holding a closed door meeting with the chamber of mines and mining companies in Kitwe over the proposed tariff increase.

The meeting was attended by Minister of Finance Felix Mutati and his Energy counterpart David Mabumba along with representatives from Zesco and the Energy Regulation Board -ERB.

And Mr Mabumba described the meeting as cordial and progressive adding that a position will be made before the end of the year.

Meanwhile, Chamber of Mines President Nathan Chishimba has commended government for consulting mining companies over the proposed revised tariffs.

Earlier Copperbelt Energy Corporation -CEC- Chief Executive Officer Owen Silvwe called for a favorable adjustment which will create a win- win situation for both government and mining companies.


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