IT’S BEEN HARD TO INVEST IN ZAMBIA’S POWER SECTOR DUE TO LOW TARIFFS – BRITISH ENVOY
IT has been hard to invest in the power sector in Zambia because the tariffs have been where they are, making it hard for the private sector to bring those megawatts into the grid, says acting British High Commissioner to Zambia Sam Waldock.
Speaking when he featured on Hot FM’s Radio breakfast show, Thursday, Waldock, however, said Zambia’s energy sector was headed in the right direction because so many companies had committed to making some investments.
“We know that this is really affecting everyone, affecting your listeners so I think on behalf of the UK government, we want to say we are really with Zambia during this drought. It is a terrible crisis affecting lots of things, including energy.
News Diggers
So they would rather we pay more without even disposable income
A fact we have known for years. Who would invest in a business where the cost of production outstrips the income?
We have failed to deal with reality and complain about it when we allow it to be politised.
From Zesco to DBZ. We allow politicans to drive the narrative.
Zesco management, Mwamba wants to suggest that its poorly managed. When did this start? And allowed under PF if not escalated by them. DBZ we read how loud opinionated Opposition members borrowed from DBZ and want to speak ill of the current regime today yet, the opposition politicans are hip debt in the institution and when in power allowed money to be poured into the bank. Only to bleed it dry by borrowing without paying.
And when “manure hits the fan” we wonder why we are suffering. Start off by dispossessing their leaching politicians that perpetuate wrong. Corporate vailes can be lifted.
Nothing wrong with us paying reflecting tariffs if in the long run investment and the cost/competition will drive the tariffs down.
why is Britain still here?? invest as comphersation for the years you got free minerals from us or go back to your country