Zesco Limited, under the management of Victor Mundende, has made some very perplexing – nay – costly decisions and actions for Zambia. Recently, the Minister of Energy, Peter Kapala, disclosed in his ministerial statement to the National Assembly that the electricity state-owned enterprise owed as much as US$ 3.5 billion to various local and cross-border suppliers of power and services, including Independent Power Producers (IPPs). He cited emergency imports from 2014/2015 when the country was hit with insufficient generation induced by drought and local IPP power such as from Ndola Energy, Itezhi-Tezhi and Maamba, whose power costs an average 11 US cents per kilowatt hour (US$c11/kWh) against Zesco’s selling price of average US$c7/kWh. The position of Zesco’s owing, most of…...

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