UPDATE 1-Zambian power firm Zesco says electricity deficit growing [Reuters]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Reuters
UPDATE 1-Zambian power firm Zesco says electricity deficit growing (Adds details, quotes) LUSAKA, March 13 (Reuters) - Zambia’s power supply deficit has grown by nearly 20% since September, state power utility Zesco said on Friday, despite massive price hikes and government fastracking support for green energy projects to fight drought-induced electricity shortages. Zesco’s Director of Corporate Services Patrick Mwila told a media briefing the electricity deficit had grown to 810 megawatts (MW) from a 690 MW gap in September. The senior executive said a deal to import 300 MW from South Africa’s struggling power utility Eskom had expired and would not be renewed. Zesco was now relying on short-term power imports from the Southern African Power Pool (SAPP) to plug the deficit, he said. Mining companies including First Quantum Minerals, Barrick Gold Corp and Glencore are among Zambia’s biggest power users. They have not faced rationing as a result of the shortfall. As of March 12 the wat
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