• Time has come for ZESCO and CEC to work together constructively.
• Negotiations, which commenced during the week starting 17 January 2022, are expected to culminate into a new agreement.
• ZESCO and CEC have for many years enjoyed a symbiotic and synergistic relationship.

Zesco Limited and Copperbelt Energy Corporation says they are confident that the strong interconnection that exists between their power networks, coupled with the need to closely coordinate operationally will be the cornerstone of their efforts to foster a cordial, transparent and commercially sound business relationship.

In a statement the Managing Directors of the two utilities, Engineer Victor Benjamin Mapani and Mr. Owen Silavwe noted time has come for ZESCO and CEC to work together constructively to put in place a new agreement that should carry the business relationship between the two companies forward and effectively support the growth of the Zambian economy.

The Duo said the two utilities committed to working together to find a win-win solution that is mutually acceptable and beneficial not only to the two companies but to the entire power sector and the country at large.

“ZESCO and CEC have for many years enjoyed a symbiotic and synergistic relationship that came to an end in March 2020 and the time has come for the two companies to work together constructively to put in place a new agreement that should carry the business relationship between the two companies forward and effectively support the growth of the Zambian economy,” they said.

They were speaking jointly on the development to commence negotiations for power supply and provision of transmission services.

The Two firms noted negotiations, which commenced during the week starting 17 January 2022, are expected to culminate into a new agreement to replace the bulk supply agreement which expired on 31 March 2020.