The Energy Regulation Board has allowed Zambia Electricity Supply Corporation (ZESCO) to hike tariffs.
ERB announced Monday morning that it has allowed ZESCO to hike tariffs by 40 percent for domestic consumers and 25 per cent for commercial users.
ZESCO had applied for a 66 per cent tariff hike but most stakeholders condemned the application.
Meanwhile, a number of power sector investors are meeting this week in Livingstone to discuss possible participation in the financing of energy projects that are in he offing in the SADC region.
The aim of the round table is to obtain sound interest and, possibly, firm commitment from investors on some of the projects that could reach financial closure in the coming two years.
The roundtable is co-hosted by the SADC secretariat and South African Power Pool (SAPP) and the Regional Electricity Regulators Association (RERA).
The SADC Power Sector Investors Roundtable was expected to attract a good number of representatives from different members’ states including Angola, DRC, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia and Zimbabwe.