?> Power Dynamos future uncertain...As Government declares CEC lines as a common carrier of electricity | ZamFoot

Power Dynamos future uncertain…As Government declares CEC lines as a common carrier of electricity

Zambia Super League side Power Dynamos looks to have an uncertain future following the Government’s declaration of the Copperbelt Energy Corporation (CEC, The sponsors of Power Dynamos) transmission and distribution lines as a common carrier of electricity.

CEC who have sponsored Power Dynamos since inception back in 1971 may not be able to do so anymore since the signing of the Statutory Instrument No. 57 of 2020 under the Electricity Act No.11 of 2019 means Government can, through ZESCO, use CEC lines when and as they wish without asking for permission from CEC and without paying CEC.

The club says it’s following the issues surrounding their sponsors with keen interest.

“Power Dynamos Football Club (Power)has followed with keen interest events surrounding the business interests of its parent sponsor, the Copperbelt Energy Corporation Plc (CEC) which have largely been understood to pose a serious threat to the Company’s financial standing and sustainability.

Power is fearful that if an amicable solution to preserve and protect the interests of one of football’s most consistent and committed sponsor, is not promptly sought by all parties involved, then any empty pitch and terraces at the Club’s home stadium, Arthur Davies, are eminent as we foresee our long-standing sponsorship through financial and material support either drastically reduced or discontinued.”

According to a press statement from the club made available to the ZamFoot Crew, Power receives an estimated annual grant of USD1.8 million from CEC, its sole sponsor, without which the Club’s over 60 member staff establishment that enjoys among other benefits consistent emoluments, medical and insurance cover, risks being cast onto the streets.

Power Dynamos Chief Executive Officer Happie Munkondya says the club is expecting a drastic budget cut or possible discontinuation of financial and material support that the Club.

“While our parent sponsor has yet to officially communicate a firm position regarding the future of its relationship with the Club, we can logically speculate a drastic budget cut or possible total discontinuation of financial and material support that the Club has enjoyed since its establishment as a community amateur group in 1971,” Mukondya told PDFC Media

“We share the anxiety and concerns of thousands of our fans and supporters across the country who might have to endure the devastating effects of experiencing an admirable 50-year legacy go into extinction given the honor and prestige that the Club has served the country with, not only through silverware but also having produced among the country’s greatest players, past and present.”

The club went on to call on the government to find an amicable solution to the situation surrounding CEC and Zesco for the sake of the Company’s primary and peripheral beneficiaries especially its employees.

“It is, therefore, our sincere call to the Government, through its relevant ministries and agencies, that as it seeks to amicably resolve the impasse surrounding CEC’s business interests and survival, giving due consideration to the plight of the Company’s primary and peripheral beneficiaries especially its employees and those that earn their livelihood through its social investments must be of primary concern.”

On November 21, 1997, Zesco Limited and CEC entered into an agreement where the former was supplying power to the latter at wholesale, a deal that came to an end on March 31 this year and Zesco’s refused to renew the Bulk Supply Agreement it entered into with CEC over 22 years ago which allowed CEC to supply power to mining companies on the Copperbelt, as well as most mining residential areas.

Power Dynamos have won 6 league titles, a Continental trophy and have never been relegated all largely because of the good sponsorship that the club enjoys from the Copperbelt Energy Corporation.

 

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One Comment to Power Dynamos future uncertain…As Government declares CEC lines as a common carrier of electricity

  1. Its only the clubs sponsored by Government Departments will survive here. Nkana, wanderers seams to be facing the same passage. Nchanga Rangers and Konkola Blades are already in this situation.
    Let’s hope the Government will move in and see how best our clubs can be saved.
    Soccer lovers still mourns the death Strike Rovers FC, Vitaform FC, Nitrogen Chemicals FC, Zamtel FC Kabwe United Big Coke FC etc because of the same withdrawing of companies sponsorship.

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