“Pursuant to section 81(1) of the Securities Act No. 41 of 2016, the Board of Directors of Copperbelt Energy Corporation Plc (“CEC” or “the Company”) informs the Company`s shareholders and the market that the Bulk Supply Agreement (“BSA”) between CEC and ZESCO Limited (“ZESCO”) entered into on November 21, 1997 is expected to expire on March 31, 2020,” said the Society`s secretary, Julia Chaila. “The Government of the Republic of Zambia (GRZ), through the Minister of Energy and Zesco cec, has informed of its position that the BSA will expire on the above-mentioned date and will not be renewed. GRZ and Zesco expressed their commitment to the CEC to continue to provide efficient and economical power supply to consumers on the Copperbelt both during validity and after the BSA. CEC would like to highlight its unwavering commitment to using its infrastructure and capabilities to ensure a continuous and seamless power supply to all Copperbelt consumers now and after the BSA. “Precautions have been taken to ensure that the supply shutdown process ensures the safety of personnel and equipment and preserves the integrity of the mine,” the CEC said. ZESCO Limited calls on customers, especially domestic customers across the country, to change their energy consumption habits and, despite load shedding, continue to take energy efficiency initiatives to maintain the limited power available, thus helping the company to balance supply and demand. Last Friday, the CEC informed its shareholders that Energy Minister Mathew Nkhuwa had informed management that the agreement would not be renewed after the end of March. Zambian Energy Minister Mathew Nhkuwa told Reuters that KCM would now receive its electricity directly from state-owned Zesco, which previously sold electricity to the CEC for later delivery to KCM. Pursuant to section 81(1) of the Securities Act No. 41 of 2016, the Board of Directors of Copperbelt Energy Corporation Plc (“CEC” or “the Company”) informs shareholders of the Company and the market that, following the market announcement issued by the Company on January 2, 2020, the Power Purchase Agreement or Mass Supply Agreement (“BSA”) between CEC and ZESCO Limited (“ZESCO”), received november 21, 1997 ended Tuesday, March 31, 2020.
ZESCO Limited wishes to contact its valued customers for the power failure from Sunday 20 to Monday 21. January 2019 apology regarding government complex, Madras, sikanze Camp, Kamwala, Fairview, niPA, Pamodzi Hotel, Zambia National Service Headquarters, Intercity Bus Station, parts of Roma, parts of Longacres and surrounding areas.. .