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Zambian Vice president Guy Scott, bio and recent remarks on SA
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[QUOTE]Originally posted by IronLion: [QB] MUURISH electrical lessons about Zambia: Projects in Development As a result of such concerted State efforts, he said, several companies were now active in the hydropower subsector, with various private-sector led projects at various stages of development. These included the 105 MW Lunsemfa Hydro Power Company project, the 247 MW Lunzua Power Authority project, the 40 MW CEC project and the 750 MW Kafue Gorge Lower hydropower plant development. All hydropower operations currently under development were to come on-stream by 2018. Hibajene, however, conceded that some negative investor sentiment had emerged following the implementation of the legislation, in May last, which ordered that all transactions with foreign companies be prepared using the local currency, the Zambian kwacha. The majority of the existing private and public sector agreements had been signed using the dollar as reference. Negotiations were currently under way between government and industry to revisit the contentious legislation, which Hibajene said had resulted in project delays and investor reticence. “We are hopeful that there will be a general exemption for all infrastructure projects, and we think that the Minister of Finance is beginning to see our point,” he concluded. http://www.engineeringnews.co.za/article/investment-in-zambia-power-generation-critical-for-continued-growth-2013-04-10 [/QB][/QUOTE]
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