Thu. Oct 17th, 2019

We need more investment in renewable energy-ERB

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By NCHIMUNYA MIYOBA and ALICE NACHILEMBE
The Energy Regulations Board (ERB) says there is need for more investment in the renewable energy sector to cushion current power deficit in the country.

ERB Manager Electricity Nelson Banda said dependence on single source had no capacity to power the whole nation.

Mr Banda said they is need to show case other alternative available sources that can be used.

He was speaking in his presentation during a media tour on renewable energy held at the Copperbelt Energy Corporation (CEC).

Mr Banda said despite sources having matured, investment had been on a lower side by stakeholders.

He said renewables had become compelling investment propositions hence the move to put in place strategies to meet the demand.

Mr Banda said the current power deficit was as a result of not taking advantage of other potential existing energy sources.

And CEC engineer and biofuel production manager Everton Kabwita said non availability of feed stock has made it difficult for the power company to reach maximum production of biofuels.

Mr Kabwita said incentives aimed to cut on cost on the production was key to encourage large scale production of bio fuel.

“CEC is currently facing numerous challenges ranging from cost of stocks and lack of incentives for both market and seed crashing machines. This is why we are asking farmers to take advantage of the market by farming crops that are used in producing biofuels,” he said.

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