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The Energy Regulatory Board (ERB) has reported that the energy sector is becoming more attractive due to the supportive environment created by the board.
Board Communications Officer, Lenganji Sikapizye, stated that the ERB had reduced the review and approval time for power purchase agreements from 30 days to 48 hours in response to the power crisis caused by the dry spell.
Sikapizye shared this information in an interview with Zambia Monitor on Monday during the 96th Agriculture and Commercial Show.
“ERB has streamlined its processes in response to the crisis that we are facing,” he pointed out.
Sikapizye encouraged businesses to take advantage of the streamlined license processing to invest in the sector.
“The more players we have in a critical sector like this, the more energy security we create, ensuring the wheels of the economy continue to move,” he said.
Additionally, Sikapizye highlighted the Open Access regime, which allows other players in the electricity sub-sector to use existing infrastructure, such as transmission lines.
“We are not just focusing on power generation through hydro; we are also looking at renewable energy, especially in times like this,” he pointed out.
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