A senior government official has suggested Capital Hill might contact pension fund managers to borrow some money in order to fund the construction of some more hydro-electric power stations as a long time plan to ease the current electricity problems.
Secretary to Treasury Ben Botolo said the pension fund has K500 million to K600 million lying idle elsewhere which he said the government can use for the electricity power investments.
Botolo’s comments come at a time when Escom, the power suppliers, have said there would be power black outs during the Easter holidays, which will leave Christians commemorating the death and resurrection of Jesus in darkness.
The blackouts, in actual fact, started on Monday which are now longer than ever before with townships going the whole day without power.
Botolo said the government was upbeat that South Rukuru and Songwe rivers in the north can provide power for the country.
However, he was quick to say that such projects take long to materialize, saying the environmental impact assessment alone can take up to two years as experts would need to know the speed of the flow of water in the rivers.
Botolo also said that Press Corporation has shown interest to provide electricity and their proposal is being looked into by related government agencies.
“I am told they want to provide 60 megawatts of electricity. This is a welcome development,” said Botolo.
Egenco spokesperson Moses Gwaza said the Press Corporation proposal is being looked into by Mera, Egenco and others