Business / Companies
Zesa prepaid-meter installation project on course
19 Sep 2013 at 02:37hrs | Views
Zesa Holdings has so far installed over 293 000 prepaid meters in both domestic and commercial premises countrywide, a top company official has said.
In an interview with Star FM on Tuesday, Zesa Holdings group chief executive officer Engineer Josh Chifamba said the project was on course and he was optimistic the organisation would realise its target of covering 600 000 customers by December this year.
"We have managed to secure about US$45 million from banks and I'm confident that the project will be successful," he said.
"We have installed 293 000 prepaid meters so far covering almost half of our customer base and by December all residential customers will be under pre paid billing." he said.
Eng Chifamba said the prepaid meter project would cost around US$72million.
The installation of pre-paid meters started last year and Zesa Holdings was upbeat that the new billing system would improve revenue collection and encourage consumers to save electricity.
Permanent Secretary in the Ministry of Energy and Power Development Mr Partson Mbiriri said the installation of 5,5 million energy-saver bulbs was helping the country to save up to 200 megawatts daily.
In an interview with Star FM on Tuesday, Zesa Holdings group chief executive officer Engineer Josh Chifamba said the project was on course and he was optimistic the organisation would realise its target of covering 600 000 customers by December this year.
"We have managed to secure about US$45 million from banks and I'm confident that the project will be successful," he said.
Eng Chifamba said the prepaid meter project would cost around US$72million.
The installation of pre-paid meters started last year and Zesa Holdings was upbeat that the new billing system would improve revenue collection and encourage consumers to save electricity.
Permanent Secretary in the Ministry of Energy and Power Development Mr Partson Mbiriri said the installation of 5,5 million energy-saver bulbs was helping the country to save up to 200 megawatts daily.
Source - Herald
