by Mirriam Chabala on 24 Mar 2018by Sipilisiwe Ncube on 24 Mar 2018by Mukosha Funga on 24 Mar 2018by Abraham Kalito on 24 Mar 2018
- Goal Diggers
by Zondiwe Mbewe on 23 Mar 2018by Sipilisiwe Ncube on 23 Mar 2018by Mirriam Chabala on 23 Mar 2018by Mirriam Chabala on 22 Mar 2018
by Zondiwe Mbewe on 23 Mar 2018by Daniel Chansa on 22 Mar 2018by Zondiwe Mbewe on 21 Mar 2018by Zondiwe Mbewe on 19 Mar 2018
- Editor's Choice
by Diggers Editor on 22 Mar 2018by Diggers Editor on 21 Mar 2018by Diggers Editor on 19 Mar 2018by Diggers Editor on 17 Mar 2018
- Guest Diggers
Zesco tariff hike a must – Energy ministerBy Charles Mafa on 4 Apr 2017
Energy Minister David Mabumba says citizens and businesses must accept the upward adjustment of Zesco tariffs because that is the only way the institution can continue to reliably supply electricity.
Mabumba said cost-reflective tariffs would attract investment in the energy sector.
“The reasons which Victor (Mundende – Zesco Managing Director) has given and I don’t want to go through them are the same simple reasons why now it is necessary for Zesco to increase the tariffs. Zambia is almost at 3.9 cents per kilowatt hour. If you look in the region, the tariff is almost standing at 6 cents per kilowatt hour – almost 11 cents. I saw one country which is almost at 11 cents. There is no way somebody should even say why comparing ourselves with other countries. Are we an island?” Mabumba asked.
“We are attracting financing from the same international markets – whether you’re in Zmabia, whether you’re in Rwanda, whether you’re in Angola. All these private sector (companies) they go to the same institution; that is where they get the money.”
The Minister observed that Zambia’s electricity tariffs had been minimal for too long.
“So the tariff, colleagues, is very minimal at 3.9 cents or let us put it at 3.6 cents, it is not possible for the Zambia as a country to attract investment. The investors all over the world are looking for a country where they can go and invest their money and at the end of the day, they’re able to get a retain. How do they get the retain? They will be able to look at the tariff that Zambia is charging compared to what is being charged in Swaziland, compared to what is being charged in South Africa and if in South Africa, the tariff is at the best level, they will and put their money in South Africa,” Mabumba said.
He said Zambia needed nine million dollars to invest in new power projects and no country would invest that much in a country with low tariffs.
“Who, which country is going to give Zambia US$ 9 million if our price for the power that we’re generating is not at the right price? Zambia in the last twenty years should have moved remarkably but because we never invested as a country in generation facilities, [we have lagged behind],” said Mabumba.
Meanwhile, Mundende said Zambia required “these tariff adjustments in order that we supply you with quality life”.
About Charles Mafa
Charles Mafa is an Award winning investigative journalist, columnist and blogger.
Email: charles [at] diggers [dot] news
- Chinese rhino smugglers named - 15 Aug 2017
- Govt confirms arrest of Chinese smugglers - 31 Jul 2017
- Zambia arrests 3 Chinese, 2 locals for possessing 25 rhino horns - 29 Jul 2017
- Kwacha down to 8.8 per dollar - 13 Jul 2017
- Increased Zesco tariffs have caused rise in inflation – CSO - 1 Jul 2017
Subscribe for email alerts
Weekly Most Digged
ArchivesApr0 PostsMay0 PostsJun0 PostsJul0 PostsAug0 PostsSep0 PostsOct0 PostsNov0 PostsDec0 Posts
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
The News Diggers
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
+26-097-7708285, 095-3424603, 096-5815078
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend