ZESCO WON’T STOP EXPORTING ELECTRICITY - MAPANI

ZESCO Managing Director Victor Mapani says Zesco cannot afford to stop exporting electricity because this is where resources for operations are generated.

Speaking during the signing of Power Supply Agreement between Zesco and Zambia Sugar yesterday, Mr Mapani indicated that about 40 percent of Zesco’s revenue is generated from the exports.

He said cutting down the export of electricity will eventually affect the revenue generation of the power utility company.

Meanwhile, Mr Mapani said the power utility company is considering importing power to cushion the expected load-shedding that has been necessitated by the drought.

He said the power that will be imported may not completely address the load-shedding because it is expensive.

Mr Mapani however said the power supply agreement is more than just a commercial transaction as it underscores the shared dedication to Zambia’s development and prosperity.

He said by securing a reliable and cost-effective 30megawatts power supply for Zambia Sugar, Zesco demonstrates its unwavering focus on customer centricity.

And Zambia Sugar Country Manager, Oswald Magwenzi said without energy, the compound would not be able to pump water and fully operate.

“Zambia Sugar cannot do without energy. Energy is right at the core of the company’s business. This PSA signifies that we are doing everything possible to make sure that the lifeblood that energises what we do is guaranteed.

This agreement serves as a springboard for even greater collaboration moving forward. Zesco and Zambia Sugar envision a future where combined efforts unlock the vast potential within both sectors,” he said.

Mr Magwenzi said by working together, the two entities can contribute significantly to economic diversification, create employment opportunities, and align seamlessly with the government’s developmental programs. He further said the company will in the next three years be generating 100 Megawatts of power.

Mr. Magwenzi said the company produces 40 megawatts but plans to increase this to 100 in the next three years.