The Energy Regulation Board has approved the new bulk supply agreement to be entered into between CEC and ZESCO.
In a notice issued by CEC, following the initialling of the BSA by CEC and ZESCO on 6 April 2022, an application for regulatory approval was lodged with the ERB in accordance with the relevant provisions of the Electricity Act, 2019.
“The Board advises that the ERB has granted its approval of the BSA, paving way for CEC and ZESCO to proceed to sign the agreement,” the notice read.
The new BSA is a successor to the previous agreement that expired on 31 March 2020.
It anchors the commercial terms for the mutual provision of services between CEC and ZESCO.
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Zesco as a public enterprise is under obligation to publish such Agreements for public scrutiny and comment. We have a right to know how our businesses are being managed. We don’t want a situation whereby we the public were made to subsidize electricity supplied to the mines for 20yrs because of a lopsided agreement.
This once again questions the independence and impartiality of the ERB. In the good old days the ERB would indeed operate independently, but ever since Edgar China Lungu stopped them from blocking Zesco tariff increases, it has gone all downhill. This decision is decidedly NOT in the interest of the Zambian population, but it STILL goes ahead, so who interfered with who?
iwe chi No Corruption..Leave lungu out of this nonsense..ts been 10 months in the new doom party so if Eddy still impacts ur govt ninshi muli nkonkofye..
Surprise !
Who is the the Board Chair at ERB? Any relationship/Linkanges with CEC??? Just asking?
What are the terms now or what is it that has changed now? have we gone back to the raw deal which CEC refused to agree to during PF reign? Should we be thinking that its PAY TIME after all? ???????????????
Lately This U.gly house is making U.GLY decisions. My observation .
@Shooters: Isnt your eyes and ears that are ugly bro? Esp if they were Katanganese ones, ah , you ll never hear anything meaningful.