August 31, 2014 3:39 AM ET

Electric Utilities

Company Overview of ZESCO Limited

Company Overview

ZESCO Limited generates, transmits, and distributes electricity in Zambia. It also offers various vending options for customers to buy electricity units for customers using prepaid meters. ZESCO Limited was formerly known as Zambia Electricity Supply Corporation Limited and changed its name to ZESCO Limited in May 1994. The company was founded in 1970 and is based in Lusaka, Zambia. It has offices in Lusaka, Ndola, and Kitwe; and service outlets in Zambia.

Great East Road

Stand No. 6949

Lusaka,  10101

Zambia

Founded in 1970

Phone:

260-211-361111

Fax:

260-211-222753

Key Executives for ZESCO Limited

Chief Executive Officer
Director of Finance and Director
Secretary and Director
Director of Human Resources and Director
Director of Customer Service and Director
Compensation as of Fiscal Year 2014.

ZESCO Limited Key Developments

THE Lusaka High Court Grants FQM Injunction Against ZESCO Limited

THE Lusaka High Court has granted Kalumbila Mine of Solwezi an injunction to restrain ZESCO Limited from engaging a Chinese company to construct a power line from Lusaka to the mine. This is in a matter in which Kalumbila Mine and First Quantum Minerals as first and second applicants, respectively, dragged Zesco to court for awarding the contract for the power line to China Jiangxi Corporation and Technical Co-operation. FQM said in the affidavits that it was financing the construction of the power line from Lusaka West to Kalumbila Mine at a cost of $250 million but was not pleased with the contractor selected by Zesco. FQM and its subsidiary, Kalumbila Mine, said Zesco picked the Chinese company who it felt had a high bid when other bidders whose prices were competitive with strong capabilities and proven track records could have won the tender to construct the power line. FQM also undertook to indemnify Zesco for any damages that it would suffer as a result of the injunction should the court later be of the view that the order should not have been granted.

Similar Private Companies By Industry

Company Name Region
ZESCO Limited Middle East/Africa
PostNet Zambia Limited Middle East/Africa

Recent Private Companies Transactions

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