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Court Orders Power Supply Continuation to Konkola Copper Mines

Metal News - Published on Fri, 15 May 2020

Image Source: Konkola Copper Mines
Vedanta Resources’s Zambian unit Konkola Copper Mines won an interim order from the high court on May 13 preventing power company Copperbelt Energy from curbing its electricity because of a ZWL 132 million bill. KCM disputes the payment CEC is demanding, and says power restrictions would cause irreparable damage to its facilities

The case is the latest in a series of financial troubles at KCM, which the government placed under provisional liquidation a year ago, through a state-owned minority shareholder. It’s also not the first time that CEC has moved to restrict supplies because of non-payment; there was a similar dispute in 2014.

Source :

Posted By : Yogender Pancholi on Fri, 15 May 2020
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