ZESCO Eurobond supported pr0jects on course


ZESCO’s Eurobond supported projects are on course, says company spokesperson Henry Kapata

Mr Kapata said some of the projects had already been commissioned and these included the upgrading of the Ngwerere substation at a cost of US$ 2.7 million in Chibombo district.

Mr Kapata said contrary to sentiments from some sections of society, ZESCO had commissioned some projects under the Eurobond.

“Zesco Eurobond-supported projects are certainly on course and some of them have already been commissioned and complaints from some NGOs are totally unfair,” he said.

He said Zesco had fully constructed the National Heroes Stadium power switch station which was part of the Eurobond and had also constructed Katuba substation in Chibombo district.

Mr Kapata said a total of 27 major projects of which 10 had been completed and commissioned had been constructed using the Eurobond.

“We have a total of 27 major projects of which 10 have been completed and commissioned. These are major projects which you do not expect to take two months; we are talking about a minimum of two years”.

Meanwhile, Mr Kapata said the idea of barricading Zesco pylons at the Soweto market was meant to stop vendors from trading from the facilities.

Mr Kapata said ZESCO had erected a 2.4 metres high boundary wall  around the pylons which was 90 percent done and the company would compensate  seven people whose houses would be demolished to pave way for the wall.

“The issue is that if one of those conductors snap, all vendors will be electrocuted; in other words burnt beyond recognition,” he said.

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