ZESCO Managing Director Victor Mapani has revealed that Konkola Copper Mines (KCM) owes the utility company $500 million. And Mapani says there are no risks of the country experiencing load shedding because Zesco has put in place some mitigation measures like the importation of power from Mozambique. Meanwhile, Mapani says Zesco would be forced to stop operations if they stopped exporting power. Speaking during a media engagement, Thursday, Mapani said Zesco was committed to reducing its debt of $1.1 billion. He said Zesco had obtained a $359 million loan from Zanaco to help pay independent power producers. “The financial sustainability of this organisation depends on how the resources that we are endowed to work with are optimised. We found ourselves...

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