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Zambia’s Zesco seeks to renegotiate power tariffs with IPPs


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Issue 392 - 17 May 2019
State power utility Zesco is seeking to renegotiate its power purchase agreements with independent power producers (IPPs) in an effort to curb its ballooning debt. At end-April 2019, Zesco owed IPPs about $680m, and the company says low power tariffs mean it has little hope of reducing the burden.

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