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Govt To Allow CEC, ZESCO And KCM To Handle Their Issues

Government says it will allow the Copperbelt Energy Corporation (CEC) to resolve its outstanding issues with Konkola Copper Mine and ZESCO.

Speaking after he met CEC Management, Finance Minister Dr. Bwalya Ng’andu who is leading a delegation of other Ministers said despite government being an interested party, it will not interfere in ongoing negotiations.

Dr Ng’andu said the delegation of Ministers met management at CEC to discuss its unresolved issues with Konkola Copper Mine which involves unpaid bills of $132 million after supply of electricity.

In this matter CEC had notified KCM of it’s intentions to restrict power supply until the bill is paid. However, KCM has through the Kitwe High Court obtained an interim injunction restraining CEC from going ahead to restrict power supply.

Dr Ng’andu said the other matter discussed involved the expiry of the Bulk Purchase Supply in March. He said government wants the two parties to conclude their discussions to ensure mutual benefits for all.

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4 Comments

  1. Joseph zulu

    Good move sir

  2. Jms

    Good move but when given opportunity to any situation it means you have a hand and expected to tackle it.

  3. Malizgani Nyirenda

    That is wonderful, but if they fail to complomise tackle it quickly

  4. mumba

    positive

Comments are closed.