Copperbelt Energy Corporation Plc (CEC) will effective Monday 1st June 2020, discontinue supply of hydro-power to Konkola Copper Mines Plc (KCM) as the Power Supply Agreement (PSA) between CEC and KCM ended 31 March 2020
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*CEC CUTS POWER SUPPLY TO KONKOLA COPPER MINES* LUSAKA – Friday 29 May, 2020 – – – THE Copperbelt Energy Corporation Plc (CEC) will, effective 1 June 2020, discontinue the supply of power to Konkola Copper Mines Plc (KCM) as the power supply agreement (PSA) between CEC and KCM came to an end on 31 March 2020 but was extended through mutual agreement of the parties, up to 31 May 2020. NEGOTIATIONS for its further extension have broken down, despite CEC’s best efforts in good faith towards securing a new contract and engaging in comprehensive and cooperative negotiations. IN trying...