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Konkola Copper Mines-KCM owes the Copperbelt Enerby Corporation-CEC 44-million U.S dollars in non payment of electricity bill.
The huge debt has forced CEC to start restricting power supply to the mine until KCM pays up the monies unpaid.
CEC Spokesperson Chama Kalima says KCM is not paying electricity bills from April this year.
Ms. Kalima says KCM has refusal to pay against invoices issued even on undisputed amounts, a situation that is now affecting CEC business operations.
KCM has even obtained an interim order of injunction from the high court, restraining CEC from restriction, suspending, disconnecting or interupt supply rather than meet its contractual obligations.
And while the interim order of injunction was in place, CEC continued to supply KCM with power while the mine consistently refused to pay for the electricity it consumed.
CEC has now resolved to reduce power supply to KCM until KCM pays.
Meanwhile Government has advised CEC an KCM to resolve their standoff amicably, because restriction of power supply to the mining company will paralyse the economy.
Mines Minister Christopher Yaluma has since asked ZESCO Acting Managing Director Victor Mundende to facilitate dialogue with the two firms inorder to come up with a lasting solution.
Konkola Copper Mines-KCM owes the Copperbelt Energy Corporation-CEC 44-million U.S dollars in non payment of electricity bill, which has prompted CEC to start restricting power supply to the mine.
ZNBC
