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The Act provides for the continuing in existence of the Central Africa Power Corporation as the Zambezi River Authority (sect. 4(1)). The Composition, functions, administration, financial procedures, privileges and immunities of the Authority are prescribed by the Agreement on the utilization of the Zambezi River concluded between Zimbabwe and Zambia (sect. 4(2)). The Authority shall transfer assets, liabilities and obligations to national electricity undertakings of the two countries (sect. 7).
An Act to give effect to certain provisions of an international agreement relating to the utilisation of the Zambezi River concluded between the Governments of the Republics of Zambia and Zimbabwe; to repeal Part III of the Federation of Rhodesia and Nyas