ZESCO Decision To Cut Power Supply To Mining Firms By 30% Poses Significant Risk To Copper Production

Advocates for National Development and Democracy (ANDD) says ZESCO’s decision to reduce power supply to the mining sector by 30% poses a significant risk to copper production, potentially hindering Zambia’s goal of achieving the targeted 3 million metric tonnes per annum by 2031.

Organization Executive Director, Samuel Banda told Money FM News that government should explore limiting power exports and possibly consider importing electricity to ensure consistent and stable supply for both domestic and commercial users, instead of reducing supply to the mining sector.

Mr. Banda noted that the mining sector is the backbone of the country’s economy, therefore it is crucial for the government to ensure a stable and sufficient electricity supply to enhance copper production.

“Maintaining robust copper output is essential not only for meeting our production targets but also for increasing export volumes, which are vital for generating foreign exchange necessary for economic stability and growth.”

“While we appreciate the statement from ZESCO’s Managing Director regarding the need to stabilize electricity supply for residential consumers, we believe the government should reconsider its approach. “Failure to address the ongoing energy crisis may jeopardize our 6% economic growth projection for 2025,” Mr. Banda stated.

He added that in order for the country to achieve sustainable development and support the domestic economy, a continuous and reliable electricity supply is essential for all economic activities.

“We are pleased to see key mining assets, such as Konkola Copper Mine and Mopani Mines, resuming operations and contributing positively to our socio-economic development. To attract further investment and ensure sustainable production in these critical areas, it is imperative to maintain a reliable electricity supply.”

“We urge the government to prioritize the interests of the Zambian people and ensure that our energy needs are met before considering power exports,” he added.

Recently, ZESCO disclosed that it will cut electricity supply to mining firms by 30 percent due to the current power deficit which threatens to bring the economy to its knees.