INDUSTRIAL Development Corporation Chief Executive Officer Cornwell Muleya says Konkola Copper Mines owes Zesco $900 million, while government and water utilities owe the power utility K2 billion. And Muleya says Zesco’s debt to independent power producers stood at $337 million by the end of 2024. Meanwhile, Zesco Limited says it intends to enter into debt swap agreements with water utilities. Appearing before the Committee on Parastatal Bodies, Thursday, Muleya said the settlement of KCM’s legacy debt was agreed upon through the KCM Scheme of Arrangements. “The provisions for doubtful debts relate mainly to Konkola Copper Mines (KCM), US$900 million, Government and Water Utilities, K2 billion of which K256 million will be settled by June 2025. To recover revenue, management has...