ZESCO Limited (ZESCO) and Copperbelt Energy Corporation Plc (CEC) have successfully completed negotiations for a new BSA that will be effective 1st April 2022. The new BSA underpins arrangements for power supply and provision of transmission services between the two companies. The new BSA will replace the old BSA that expired on 31 March 2020 and marks the beginning of a new mutually beneficial relationship of the two largest utilities in the country.
Speaking jointly at the initialling ceremony, the Managing Directors of the two utilities, Engineer Victor Benjamin Mapani and Engineer Owen Silavwe, had similar messages summarised as follows:
“We are glad that the negotiations that our two companies commenced in January 2022 have progressed according to plan and finally borne fruit. As we declared at the very start of the negotiations, the discussions were driven by the desire to find a solution that would be mutually acceptable and beneficial to the two companies. We firmly believe that this new BSA encapsulates this aspiration and will help carry our business relationship to a next level and bring stability to the power sector and effectively support the country in its quest to revive the economy.”
The two companies are confident that the strong interconnection that exists between their power networks, coupled with the need to closely coordinate operationally will continue to be the cornerstone of their ongoing efforts to foster a cordial, transparent and commercially sound business relationship going forward. ZESCO and CEC are committed to working together through the enhanced public private partnership framework to help catapult the country’s energy agenda to the next phase in support of the goal of achieving reliable, sustainable, and affordable electricity for all.