Power Dynamos admits that uncertainty over principle sponsor, Copperbelt Energy Corporations’ operations, after the expiry of the Bulk Service Agreement with Zesco, has left the Kitwe club in a precarious situation.
This follows an impasse with Zesco after the BSA deal expired on March 31, 2020 plus a US$144 million debt owed to CEC by Konkola Copper Mines subsequently saw regulatory authorities declare the company’s’ power transmission lines common carriers following a stand-off with the mining concern.
CEC reportedly has a US$1.8 million annual budget set aside for the Kitwe-based six-time Zambian champions who last lifted the league title in 2011 and later finished second in 2014, third in 2015 and fourth in 2016.
“While our parent sponsor has yet to officially communicate a firm position regarding the future of its relationship with the Club, we can logically speculate a drastic budget cut or a possible total discontinuation of financial and material support that the Club has enjoyed since its establishment as a community amateur group in 1971,” Power CEO Happie Munkondya said.
Power are currently ninth this season that has been on pause since early March due to the prevailing Coronavirus pandemic.
The Kitwe side has 37 points from 24 games played, and are nine points behind leaders Forest Rangers with nine games to left to play ahead of the projected restart of the league campaign in mid-July.
Pf at work!
Their best work is done in destroying.
Some of us grew up reverring the kitwe derby between Power and Nkana(Kalampa)!
That history is going to be destroyed by pf! All for selfish reasons. But its ok. It will just serve to open more eyes to the urgent need to kick out this government!
The grass will suffer, unless the grass mutate and become inedible and fight for its own rights for survival, KAYA!
PF cant close or destroy CEC,by far, bachepa, nibafana. CEC runs thru the veins of the Zambian Economy by a substantial percentage.Mind u they dont jst supply power to KCM, Many other companies depend on it. And Zesco can never ever do what they do cos mining and load shedding ll never walk the same path.
Just start your journey to Division 3. You will soon be History.
The way Stylish Roan and Brave Rangers have disappeared ka? Any of you remember giant killers Strike Rovers and Vitafoam United
Look this way, Zesco is the Car manufacturer and CEC is the mechanic. A mechanic ll always charge u a premium,if u think CEC adyela ma mines masuku pamutu then go and ve your car fixed by manufacturer & see if u ll accord the cost. Similarly direct supply of power by Zesco to mines, wont be cheaper than the CEC rates. It be way expensive and there ll be more beraucracy than practically doing the actual job, people ll be sitting in their offices drinking coffee. Even if your power was cheap, mines ll still go back to CEC cos what they want is a reliable, efficient & effective service, 24/7.
So, i repeat, CEC, will never close. Instead, PF will close.