Zesco overhaul in prospect as part of IMF deal

Issue 337 - 22 Dec 2016
The government is under pressure to split Zesco into generation, transmission and distribution arms as a precursor to privatisation, as part of a $1.5bn support package under negotiation with the International Monetary Fund (IMF) to bail out the struggling economy.According to sources close to the transaction, finance minister Felix Mutati has agreed at talks in Washington to restructure Zesco as a way of making the power utility more efficient. “Chances of the company (Zesco) being privatised are high,” a senior government official close to the Treasury told African Energy.

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