Power Utility Zesco Raised $11 million in January 2025, falling short of its $15 million target from the ongoing emergency tariff that aims to help the power utility navigate the current power crisis.
According to Fitzpatrick Kapepe, Zesco Director of Strategy and Business Development, the company had a $4 million deficit that month.
Mr. Kapepe has emphasized that Zambia would have struggled to navigate the electricity crisis without the Southern African Power Pool-SAPP- and Independent Power Traders, who facilitated power imports for the country with the deficit at 1300megawatts in December last year.
Speaking at the Zambia International Mining and Energy Conference-ZIMEC- in Kitwe this morning, Mr. Kapepe also announced that a private power producer has completed feasibility studies and will begin producing 175megawatts of power from waste generated in Lusaka.
He is also optimistic about Zesco’s stability, citing various interconnectors under development, including the Zambia-Tanzania-Kenya and Mozambique-Zambia interconnectors.
PN