News

CEC seeks pricing mechanism

ABIGAIL CHIYENI, Kitwe
THE Copperbelt Energy Corporation (CEC) plans to commercialise its US$300,000 bio-diesel production plant by supplying diesel to oil marketing companies (OMCs).
CEC bio-fuel engineer Everton Kabwita said in Kitwe during a media tour of the bio-diesel plant recently that the company will seek guidance from the government on the pricing of its diesel once the plant is commercialised.
Mr Kabwita said the plant has a production capacity of 2,500 litres of bio-diesel per day and that the commodity is very economically viable.
He said the plant, which was commissioned in 2011, is currently supplying diesel to Castle Lead Works Limited, a Kitwe-based company.
“Our plan is to commercialise the bio-diesel plant. We have written to the government to give us a direction on the pricing mechanism,” Mr Kabwita said.
Meanwhile, CEC renewable energy senior manager Manda Mwale said the bio-diesel produced at the plant is made out of soya bean, which is produced by farmers in Central Province.



Facebook Feed

Ad1