Financial Analyst Maambo Hamaundu says there is need to have cost reflective electricity tariffs in order to have a number of new investments in the energy sector, to deal with the energy deficit that the country has.
Speaking in an exclusive interview with One Love Radio News Mr.Hamaundu says that if the nation is able to deal with the energy deficit by the introduction of the cost reflective tariffs, it will enable excess electricity which can be exported to neighboring countries and could potentially earn the country good amount in terms of forex.
“In essence what President Hakainde Hichilema is suggesting is that, there must be operational efficiency within the power utility company and correct prices must be said by the consumer. The head of state is also trying to see to it that there are investors attracted for this particular sector for the benefit of the country”. He said
He says when the country has new investors coming on board, competition in its self leads to having competitive prices hence ordinary consumers will benefit.