ZESCO RECORDS K6.3 BILLION PROFIT IN MAJOR FINANCIAL TURNAROUND
Electricity Minister Peter Kapala has welcomed ZESCO Limited’s financial recovery following reports that the power utility recorded approximately K6.3 billion in after-tax profit.
During a visit to ZESCO’s headquarters, Mr Kapala praised the company’s performance, describing the turnaround as an important development for Zambia’s electricity sector.
A ministry statement initially cited a profit figure of K6.5 billion, while the company’s financial reporting indicated approximately K6.3 billion after tax.
The improvement comes as Zambia continues efforts to strengthen electricity generation, attract investment into the energy sector and improve the reliability of power supplies.
Despite the financial gains, the country continues to face challenges associated with electricity demand, infrastructure investment and dependence on hydropower.
The Government has been encouraging greater investment in alternative energy sources, including solar power, to diversify electricity generation.