Zambia (Xinhua) -- The Zambia Chamber of Mines said on
Thursday that knowing the true cost of producing
electricity efficiently is the first step in having
needs a revitalized, reformed power sector able to
deliver cost-efficient, competitively priced electricity
to grow the economy, employment and disposable incomes,”
Nathan Chishimba, the president of the association,
which represents mining firms in the country, told
reporters during a media briefing.
the cost of producing electricity in Zambia is not
known, as the last study done for Zesco (power utility)
was ten years ago, in 2007,” he added.
him, competitively priced electricity is important for a
developing country like Zambia in order to help the
mining industry generate the much needed jobs.
firms, he said, were concerned about electricity costs,
adding that proposed tariffs at new power projects were
more than 20 percent above global benchmarks.
that the country’s electricity was not being produced
efficiently by global standard, he added.
He went on
to state that the mining industry has never shied away
from the reality of cost-reflective tariffs but noted
that the sector was committed to tariffs that reflected
the cost of providing electricity in an efficient,
transparent and internationally competitive manner.
has since welcomed plans to a new study on the cost of
producing electricity in Zambia later this year to be
funded by the African Development Bank (AfDB).
the official said it would be unjustifiable for people
to demand that mining firms invest in their own power
plants because of the declining grades of copper and the
lifespan of most of the old mines.
said new greenfield investments could consider investing
in their own power plants.
sector consumes about 50 percent of Zambia’s