ZESCO’s 2024 Integrated Annual Report has revealed that the utility remained constrained by high operating costs from load shedding and rising debt, with total borrowings reaching $1.295 billion by year‑end. The report also noted that debt servicing remained a challenge, with $46.1 million repaid during 2024, largely directed towards commercial loans and syndicated facilities. ZESCO Managing Director Justin Loongo said the Report reflects a watershed year marked by drought‑induced power deficits that tested resilience. “I am pleased to present the Corporation’s performance in this 2024 Annual Integrated Report, a year distinguished by both formidable challenges and great successes. 2024 proved to be a watershed period in ZESCO’s journey, where tangible progress in the Corporation’s operational and financial space was interrupted...