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Zambia to undertake study on cost of producing electricity

Xinhua, January 24, 2017 Adjust font size:

Zambia's energy regulator said on Tuesday it has shortlisted five international bidders to conduct research on production and cost of electricity as the southern African nation tries to move to cost-reflective tariffs in order to attract private investment.

Alfred Mwila, director for economic regulation at the Energy Regulation Board, said the study will help ascertain the cost of production of electricity.

"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 when he appeared before Parliamentary Committee on Economic Affairs.

It is expected 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. Endit