Zambia’s Zesco seeks to renegotiate power tariffs with IPPs


In depth
Issue 392 - 17 May 2019 | 6 minute read

State power utility Zesco is seeking to renegotiate its power purchase agreements with independent power producers (IPPs) in an effort to curb its ballooning debt. At end-April 2019, Zesco owed IPPs about $680m, and the company says low power tariffs mean it has little hope of reducing the burden.Zesco sought to raise tariffs in March, but on 3 May, energy minister Matthew Nkhuwa announced that President Edgar Lungu had directed that Zesco’s application for a tariff increase be suspended.

Tagged with:

Pin Power, Strategy & risk

Pin Zambia

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register