Economy

Govt committed to improving regulatory policies to ensure transition to sustainable energy —Bowa

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The Energy Regulation Board (ERB) has said reforms in its industry are needed to improve the current regulatory framework in line with the emerging global and regional trends.

Board Chairperson, Reynolds Bowa, said government was therefore committed to accelerating the energy sector reforms to support the energy transition.

He said government was also committed to managing pathways to sustainable alternative forms of energy.

He was speaking when he paid a courtesy call together with his entourage on Zambia’s Acting High Commissioner to South Africa Inonge Mwenya.

Bowa said during their study visit and meetings with stakeholders they observed the need to have reforms of improving the current regulatory framework in line with the emerging global and regional trends.

Read more: Fuel to sell for K27:22, as Zambia’s energy regulator, ERB, announces new prices

“While in South Africa, my team will meet the National Energy Regulator of South Africa (NERSA) and other stakeholders for benchmarking purposes by learning best practices and how their counterparts have overcome challenges in the sector through shared experiences,” he said.

Bowa said Zambia’s participation in such meetings was important because it gave an opportunity to share knowledge with entities which had vast experience in the sector.

He said information and knowledge sharing between the two countries was vital as it would lead to enhancing efficiency and increased investment opportunities in the new energy.

In welcoming the ERB delegation, Mwenya reiterated the mission’s commitment to continue playing its part in ensuring enhanced ties between Zambia and South Africa in various areas.

Mwenya expressed confidence that the timely visit would indeed provide a platform for both entities to benefit from the collective wealth of experience within the energy regulation space.

She reiterated the mission’s commitment to continue playing its part in ensuring enhanced ties between Zambia and South Africa across various areas, including energy.

A series of engagements have been lined up so that the two countries can share their best practices.

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