On Tuesday, Zambia’s energy regulator announced that it has shortlisted five international bidders to perform a research study on the production and cost of electricity.
This is in order to assist the country in its shift towards cost-reflective tariffs in order to attract private investment, News Ghana reported.
Cost of electricity
According to Alfred Mwila, director for economic regulation at the Energy Regulation Board, the results of the study will help ascertain the cost of production of electricity, media reported.
“We have shortlisted five international bidders from different countries. We have looked at their technical capabilities and now we are looking at their financials and within the month, we should be able to know who is the most competitive,” he said.
News Ghana reported that the winner of the bid will undertake the study within a 12-month period.
“The official added that the project was being undertaken with the help of the African Development Bank. Stakeholders have expressed concern that the pricing of electricity in the country was too low to attract private sector investment,” News Ghana reported.
In earlier news, Zambia’s president Edgar Lungu came to South Africa for a three-day state visit, where a Joint Commission for Cooperation between the two countries was signed.
This is the first time that the two countries will establish a permanent structured platform through which to periodically table issues of common interest and concerns.