Govt Will Not Interfere In The Bulk Supply Agreement Negotiations Between CEC And ZESCO

By Michael Kaluba in Kitwe

 

Government says it will not interfere in the bulk supply agreement negotiations between the Copperbelt energy corporation –CEC- and ZESCO limited but remains an interested stakeholder whose hope is to see pertaining issues resolved quickly to the benefit of both companies and the country at large.

Finance Minister Dr Bwalya Ng’andu said this yesterday after leading a high level delegation of cabinet ministers and other stakeholders into a briefing by CEC Chief Executive Officer Owen Silavwe and CEC board chairman London Mwafulilwa regarding the company’s business relationship with ZESCO Limited after the expiry of the 20 year long agreement on March 31ST 2020.

Dr. Ng’andu says it is difficult for government to remain totally disinterested as a stakeholder in BSA negotiations despite the talks being purely a business transaction between the two parties.

He said the meeting at CEC would not have an impact or influence on the shape that the BSA negotiations will take but said government does not want the agreement to be rushed before all pertinent issues are resolved so that a lasting solution is arrived at.

And CEC Board Chairman London Mwafulilwa explained that CEC has over 400 permanent employees and a further 400 to 600 seasonal employees tasked to clear the way-leaves under the entirely Zambian workforce.

 

PHOENIX FM NEWS

The post Govt Will Not Interfere In The Bulk Supply Agreement Negotiations Between CEC And ZESCO appeared first on Phoenix FM.

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