President Edgar Lungu within reach of cheap energy

DURING his recent press conference at State House, President Edgar Lungu said the various interventions his government had put in place in order to reduce the power deficit in Zambia would soon yield positive results and push the prices of power down in the southern African country.

The head of state re-stated that under his leadership, up to $4billion had been pumped into the energy sector in order to increase power generation and narrow the deficit.

President Lungu said new FDI or foreign direct investment could also mean cheaper power as the sector diversifies on his watch for the first time in over 40 years.

Today, the influential business news agency Bloomberg confirms President Lungu’s ‘promise’ exactly a month on target as the Zambian leaders knack for walking the walk and talking the talk reaches a crescendo ahead of the 11th August polls where he seeks re-election.