LATEST: Mines plead for mercy
Golden Sibanda Senior Business Reporter
MINING firms, through their umbrella body, have implored power utility, Zesa Holdings, to spare them the planned sharp increase in power cuts given the economic costs of such action.
Chamber of Mines chief executive Isaac Kwesu said in an interview that Zesa should prioritise power supplies to industry, especially mining, to avoid potential job losses, closure of mining companies, loss of production and missed growth targets.
He said there was a direct correlation between power supply and production, meaning “without power you cannot produce,” which negatively impacts on mines and economic growth targets.
This comes as Energy and Power Development Minister Dr Samuel Undenge yesterday told Parliament that major mining firms and other huge users should cut electricity consumption by up to 25 percent due to supply constraints.
Details to follow….