CEC and ZESCO sign billion dollar deal
BY MAIMBO MWEEMBA
Zesco has signed a 13-year Bulk Supply Agreement with the Copperbelt Energy Corporation (CEC) worth 1.9 billon US dollars.
Speaking at a press briefing, Zesco Managing Director Victor Mapani said the new Bulk Supply Agreement marks the replacement of the old agreement which expired on March 31, 2020.
Mr Mapani said the Bulk Supply Agreement allows the two parties to supply power to customers within the country across each other’s networks.
He also said the development will ensure the territorial exclusivity clauses that existed in the previous agreement are addressed.