An Energy Expert says the currently entered long-term power agreement between Konkola Copper Mines (KCM) and ZESCO will have positive effects on the power utility’s revenue base.
Speaking in an interview Money FM News, Yotam Mtayachalo explains that the former Supply agreement was more favorable to the Copperbelt Energy Corporation (CEC) and not ZESCO hence, the finalization of the supply agreement between the two entities will have affirmative results on the power utility’s revenue generation.
“The Agreement is a progressive move because ZESCO’s will increase its revenue base unlike when they supplied power through CEC,” he said.
Mr. Mtayachalo has since commended ZESCO for finalising the agreement as it is timely and will in turn have positive effect on the country’s economy.
“In my view this will also challenge fears from stakeholders who though ZESCO had no capacity to supply electricity directly to KCM,” he concluded.
Recently, ZESCO entered into a long-term power supply agreement with Konkola Copper Mines following successful conclusion of negotiations with strategy of correcting imbalances in the power supply chain.