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