ZESCO UNITED FC funding not affected by sponsor’s losses
ZESCO’s says funding of the company’s sponsored football club ZESCO United will not be affected by the loss of revenue that the company is expected to face due to load shedding. This comes after soccer lovers speculated that ZESCO United is likely to face financial difficulties following a drop in the revenues of the electricity company. ZESCO’s funding of the company’s sponsored football club ZESCO United will not be affected by the loss of revenue that the company is expected to face due to load shedding.
Speaking in an interview with the Lusaka Star, ZESCO team manager George Lwandamina has disclosed that the team’s expenditure was budgeted for long before the company started load shedding.
“The team will not be affected in any way because all the expenditure was budgeted for and currently the team is doing well,” Lwandamina said.
This comes after soccer lovers speculated that ZESCO United is likely to face financial difficulties following a drop in the revenues of the electricity company.
Meanwhile, ZESCO regional Manager Joseph Chilongo disclosed to that the company has constituted a crisis management team to educate customers on how to use power wisely.
“This team will educate our customers on how to use power effectively during this period,” Chilongo said.
The Zambia Electricity supply Corporation is expected to lose over US$160 million as a result of the power deficit that the company is experiencing.
ZESCO started load shedding following the reduction of the water levels in the Kariba dam due to a change in the rainfall patterns that were experienced in the last rain season.
Comments
