Zambia’s Energy Regulations Board (ERB) has fined eight energy firms K408,000 for failure to comply with license conditions.
In a statement issued by ERB Public Relations Manager , Namukolo Kasumpa, on Monday said that the eight failed to comply with license conditions as mandated by the provisions outlined in the ERB Act.
The statement said the fines were imposed following the enforcement hearing at which the firms were given an opportunity to be heard.
However, the regulator found the various licensees wanting and insisted on appropriate punitive measures to ensure compliance and uphold regulatory standards.
“Two companies namely ; WWW Investment Limited operated without a license to transport petroleum products and Chingases Company Limited for engaging in retail of petroleum gas (LPG) without a license were levied a fine of K75,000 each for operating without the necessary licenses,contrary to the ERB Act No .12 of 2019,” ERB revealed.
In addition,Total Energies and Admire Energy Limited were fined K45,000 each with Vivo Energy being fined K24,000 all for operating with retail stock outs without written notifications to the ERB.
Mount Meru Petroleum Limited, according to ERB was fined K45,000 for failure to conduct licensed activity in accordance with the conditions, standards and regulations as well as failure to comply with a directive of the ERB.
It stated that North-Western Energy Corporation (NWEC) was also fined K30,000 for failure to resolve compliance anomalies in accordance with the ERB directive.
Minegases Company Limited was on the other hand fined K45,000 for failure to comply with regulations, standards, guidelines and procedures relating to quality and reliability of supply and service as well as failure to comply with ERB directive.
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