Zesco Managing Director Victor Mundende has thanked government for transitioning the country to cost reflective electricity tariffs.
Mr Mundende says the move will spur growth in the generation of electricity as more investors will be attracted to invest in the energy sector.
He says a number of investors have been avoiding to invest in the energy sector due to low electricity tariffs that were prevailing in the country.
Mr Mundende told journalists in Kafue Gorge Lower during a media tour of the construction facility that the new tariffs will further attract investors in alternative energy such as solar and wind power.
He said climate change continues to pose a risk to hydropower generation but that the power utility firm is investing in renewable sources of energy in order to promote security of supply.
Mr Mundende explained that the low water which has been caused by climate change has hampered the generation capacity of electricity.
And Mr Mundende has announced that Zesco’s priority is to supply power to its customers within the country before exporting to other countries.