Government tasks ERB to review the fuel pricing system
Â GovernmentÂ hasÂ asked the Energy Regulation BoardÂ (ERB) to review the fuel pricing frameworkÂ in the country.
Energy and Water Development Minister Kenneth KongaÂ said the nation would be
informed on the outcome of the reviewÂ next month.
ZANISÂ reports that the Minister disclosedÂ in a ministrial statementÂ presented in
the house today,Â on the fuel supply situation in the country.
He said it is essential that the energy sector plays its strategic roles in
streering the economy to prosperity as the country strives to reduce poverty and
promote economic growth.
He saidÂ government recentlyÂ dissolved the ERB and Zambia Electricity Supply
Corporation (ZESCO) boardsÂ Â in order to improve their operations.
He said it is important that these key institutions are able to meet the challenges
of the energy sector by being proactive and innovative.
The Minister stated that critical issues need to be considered in reconstituting
the ERB boards.
The minister pointed out that the board members should have a comprehensive
understanding of the national energy policy and should be able to effectively
Mr Konga added that board members should ensure compliance to the rules and
regulation that govern the energy sector.
And government has revealed that it had of January this year owed three pensions
fund a total of K210 .5 billion.
Those owed include the Public Service Pension Fund K159 billion, Local Authorities
Supernnuation Fund k29.8 billion and National Pension Scheme Authority K21.5
Finance and National Planning deputy Minister Jonas ShakafuswaÂ said government
intends to reduce the debt hence the allocation of K154 billion in this year’s
He wsa responding to Lukulu East United Libral Party (ULP) Batuke Imenda who wanted
to know how much government was owing the three pension funds as of 31st January
Mr. Shakafuswa saidÂ government had no plans to privatise the pension schemes but
will instead promote the comprehensive social systems for both the formal and
Meanwhile,Â Works and Supply Deputy Minister Benny Tetamashimba says a total of
K674.8 million was realised from the sale ofÂ machinery at Esco Limited .
Mr. Tetamashimba saidÂ the machinery and other propertes were disposed off through
tender and auction sale.
He said the Zambia Development Agency (ZDA) advertised for the sale of the premises
whoseÂ bids closed on June 30 last month.
He said government decided to sell the premises to a corsortium after realising
that it was not registered with the registrar of companies.
Mr Tetamashimba said government has not removed the tenants from the premises that
were paying rentals after they lost the case in court.
He however stated that governmentÂ has made it clear that the company that would win
the tender to purchase the premise should takeÂ into consideration the tenants.
He was responding to UPND MP Brian Ntundu who wanted to knowÂ how the machinery at ESCO Limited in Lusaka was disposed off.