Energy Minister Christopher Yaluma says the increase of electricity tariffs to the mining sector is meant to attract investors.
Yaluma said the 28% increase was irreversible and would help make the Zambian energy sector more attractive.
“Zambia has had the lowest tariff ever if you go across the SADC region by so doing keeping very low tariffs; it had impacted on the performance of the utility,” he said.
“It had also impacted on trying to bring in investors the likes of the Independent Oil Producers they can’t come in to help Zesco maintain their network if the tariffs were not lucrative.”
The Energy Regulation Board recently approved a 28% tariff increase for electricity supply to the mining sector.
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