ZESCO Limited Director of Strategy and Corporate Services Patrick Mwila has disclosed that the company borrowed $60 million from commercial banks between 2015 and 2019 in order to connect customers. And Energy Regulation Board (ERB) acting Director General Fred Hang’andu says the cost of service study is likely to be completed within December. Meanwhile, Ministry of Energy Permanent Secretary Francesca Zyambo has admitted that Zesco purchased power from Mozambique at a loss because the country was in a desperate situation. Appearing before the Committee on Parastatal Bodies, Wednesday, Mwila said…...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe