Zambia to import electricity from Eskom to plug severe deficit

(Gianluigi Guercia, AFP)
(Gianluigi Guercia, AFP)

Zambia will import electricity from South Africa starting next month to help plug a severe deficit that’s causing daily power cuts lasting about eight hours, according to the acting managing director of the power utility in Africa’s second-biggest copper producer.

State-owned Zesco concluded talks with Eskom last week to buy as much as 300 megawatts for six months, Webster Musonda told reporters in Lusaka, Zambia’s capital. The country has a shortfall of 700 megawatts, about a third of peak demand, after drought curbed output at the hydropower stations that it depends on for 80% of generation.

- With assistance from Matthew Hill.

ZAR/USD
17.00
(-0.09)
ZAR/GBP
21.24
(-0.12)
ZAR/EUR
19.14
(-0.13)
ZAR/AUD
11.81
(-0.13)
ZAR/JPY
0.16
(-0.20)
Gold
1774.74
(+0.03)
Silver
18.05
(+0.01)
Platinum
808.00
(+0.25)
Brent Crude
42.78
(-0.79)
Palladium
1914.01
(+0.62)
All Share
54521.90
(-0.17)
Top 40
50179.89
(-0.26)
Financial 15
10150.02
(-0.64)
Industrial 25
76554.73
(+0.52)
Resource 10
50138.02
(-1.24)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1592 votes
I am taking a hit, but should be able to recover in the next year
23% - 2084 votes
My finances have been devastated
35% - 3129 votes
It's still too early to know what the full effect will be
25% - 2257 votes
Vote