Zambia: Late payments cost Zesco $70m/yr, $800m now outstanding

Issue 447 - 07 Oct 2021

State utility Zesco’s failure to pay local and international bulk power suppliers on time is costing it more than $70m/yr in penalty charges, according to a government audit. Zesco owed local and cross-border power suppliers a total of $797.7m as of 31 December, with amounts “outstanding for periods ranging from 366 days to 1,767 days,” the Office of the Auditor General report said.

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