Mining companies in Zambia should pay more for electricity, says World Bank

By Liz Gyekye
Published: Thursday, 10 December 2015

The World Bank has recently launched its sixth economic brief on the African country and warns that Zambia faces a power crisis. Zambia’s government has decided to increase the import of expensive emergency power options in 2016. In order for Zambia to weather the storm, the organisation has said that mining companies should help to pay more tariffs for electricity.

The Zambian government should charge higher electricity tariffs for its mines to attract investment in power generation, according to the World Bank.

Economic progress since 2000, driven by mining production and services, has substantially increased the demand for electricity in Zambia, the bank said. A growing shortfall in supply has been exacerbated...

This is a preview of the full article

Logo
  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app




Take a Trial or Subscription today. Start below: