Market Announcement – CEC Judicial Review Application
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Market Announcement – CEC Judicial Review Application In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of Copperbelt Energy Corporation Plc (“CEC” or “the Company”) wishes to inform shareholders and the market that following the Minister of Energy’s declaration of CEC’s transmission and distribution lines as common carrier through the promulgation of SI No. 57 of 2020 dated 29th May 2020, and the subsequent decision of the Energy Regulation Board of 31st May 2020, directing a wheeling tariff equivalent to 30% of CEC’s standard network tariff, the Company took the decision to...