COPPERBELT Energy Corporation (CEC) power network has been satisfactory, meeting the company’s set technical benchmarks relating to reliability and quality of supply, says Company Secretary Julia Chaila.
She said power sales across all business segments which included power supply, domestic wheeling, use of system, regional power trading and international wheeling, totalled 3,230.14GWh compared to 3,033.09GWh last year.
Ms Chaila said power sold under the power supply segment increased by 8 per cent to 1,631GWh from 1,505GWh in 2020, whereas wheeling services posted an 18 per cent increase over the same period.
“Regional power trading increased by 4 per cebt to 361GWh on the back of an upturn in power demand. The Company remains positive that this upward trend in demand in this segment of the business will be sustained over the course of 2021,” she said.
Ms Chaila said that the general metals market outlook was hopeful, given the favourable supply side and strong demand fostered by economic recovery across the global.
She said this was expected to drive strong metal prices in the short-to-medium term stressing the need to encourage implementation of new and expansionary projects by mining companies.
Ms Chaila noted that the country experienced above average rainfall in the 2020/21 wet season, which resulted in major hydro power generating reservoirs receiving more water inflows compared to the preceding season.
She however said that the load management initiatives aimed at containing the energy deficit, effected in the previous period,” he said.