PRICEWATER Coopers Zambia says the county’s intention to increase copper production to three million tonnes by 2031 will inevitably be impacted by the huge power deficit that the nation has faced since early 2024. PwC has commended the UPND administration for maintaining a stable policy environment for the mining sector. In its mining report, PwC observed that the increased cost of power would result in subdued profits and lower tax contributions from mining companies. “Zambia’s intention to increase copper production to three million tonnes by 2031 will inevitably be impacted by the huge power deficit that the country has faced since early 2024. Of Zambia’s 3,811 MW of installed electricity generation capacity, 84 percent is from hydro, 9 percent from...