ZESCO owes Independent Power Producers (IPPs) US$109.7 million, Zesco Chief Operations Officer Fitzpatrick Kapepe has disclosed. Kapepe says of the $109.7 million, $93 million is owed to Karpowership, a Turkish multinational power generation company. He was speaking during a panel discussion on Recognising FDI: Building Friendly Business Markets, at the 3rd Zimbabwe-Zambia Energy Summit in Livingstone on Tuesday. Kapepe said people assumed there was no load shedding by August due to the general elections. “By December 2021, Zesco’s obligations to Independent Power Producers was at US$1.8 billion. For people that understand the power sector, if you don’t pay the IPPs, you actually start accumulating debt. By May 2024, again because of the drought, we had no option, the load shedding...