ENERGY Minister Makozo Chikote says despite the increase in the electricity tariffs, Zesco was unable to meet the monthly target of $15 million in revenue. And Chikote says there has been a slight increase in power generation attributed to the gradual increase in water levels in major river basins. Rendering a ministerial statement to Parliament, Tuesday, Chikote said Zesco only managed to raise US$2.4 million and US$7.6 million in November and December 2024, respectively. “The Energy Regulation Board on 10th October, 2024 approved Zesco Limited’s application for an emergency tariff adjustment. The utility anticipated to raise a total of $15 million monthly to support importation of power to cushion the power deficit. The emergency tariff was premised on Zesco Limited...

This premium content is for paid ePaper subscribers.
Subscribe
Already a member? Log in here