Zesco to resolve $1bn debt
Published On July 7, 2023 » 1041 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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. Mapani

By JOSEPH BANDA –
ZESCO will deal with the US $1 billion it owes Independent Power Producers (IPPs) by 2025 after it managed negotiate a new agreement on tariffs and interest rates to prevent a further rise in its debt.
The IPPs which include Maamba Collieries, Ndola Energy Company, Lunsemfwa Hydropower Company and Itezhi Tezhi Power Corporation account for about 14 per cent of Zambia’s installed power generating capacity.
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