RE: First Quantum - force majeure notice from ZescoCompetition for southern Arican power is heating up too.
"... BPC having to deal with high-cost electricity imports and emergency diesel generation which are currently the other options in place to supply power.
While the country continues to make efforts to generate adequate electricity to meet domestic demand, this downward trend has led to the BPC having to look out to electricity imports to help alleviate any shortages.
Electricity imports increased by 87.7 percent from 276,257MWH during the fourth quarter of 2022 to 518,669MWH during the fourth quarter of 2023.
When compared to the third quarter, the amount of imported electricity increased by 35.6 percent from 382,426 MWH to 518,669 MWH with Zambia Electricity Supply Corporation Limited (ZESCO) being the main source of imported power at 43.1 percent of total electricity imports.
Local electricity generation declines » TheVoiceBW
The fact is that Ivanhoe isn't the only entity seeking to import power, and that presents a competition factor in what appears to be a shrinking local resource.
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