ERB fines 32 companies

The Energy Regulation Board (ERB) has fined 23 companies and sternly warned one for breach of License conditions.

This is contained in a statement made available to ZANIS in Lusaka yesterday by ERB Acting Director for Consumer and Public Affairs Fred Hang’andu.

Mr. Hang’andu said the fines range from K9, 000 to K24, 000 which are to be paid by the affected companies within the month of January 2018.

He said the decision to fine the companies was made at the third (3rd) Regulatory Board of Meeting held on 19th December 2017.

Mr. Hang’andu said this was after all the companies had been given an opportunity to respond to the findings, between September and November 2017.

He said for instance Kessy Energy Zambia Limited was fined the sum of K24, 000 for implementing a charge that had not been approved by the ERB when it sold Diesel at K11.90 instead of the approved K11.09 per litre at its Chinsali Service Station at the time.

Mr. Hang’andu said of the 32 licenses, 24 companies were each fined the sum of K9, 000 for breaching license condition 2.4.1 when they failed to submit monthly petroleum industry statistics as required by the ERB.

He named the affected 24 companies as Reba Industrial Corporation Limited, Pes Enterprises Zambia Limited, Enigma Petroleum Limited, Flexus Petroleum Limited, Guul Petroleum Company limited, Kaso Investments Limited.

Mr. Hang’andu named others as Aaran Construction and Transport, Keren Motors Limited, AGS Trading Limited, Allan S. Energy Corporation Limited, Beaver Sales Limited and Mina Petroleum and Tankers Limited among others.

Mr. Hang’andu has also reminded all energy enterprises that it shall continue to steadfastly monitor adherence to license conditions and take enforcement action where breaches are observed

He said this is in order to assure the public of the highest quality of energy products and services on the Zambian market.