Escom squeezed, treasury rebuffs K58bn bail-out plea - The Nation Online: "Escom squeezed, treasury rebuffs K58bn bail-out plea
Golden Matonga and Eneless Nyale May 31, 2018 0 Comments
Ministry of Finance, Economic Planning and Development has refused to honour a K58 billion financial bail-out request from technically insolvent power utility Electricity Supply Corporation of Malawi (Escom) to enable it provide reliable power supply.
Escom says it found itself in the situation after its split that gave birth to Electricity Generation Company (Egenco) on January 1 2017 as part of Power Market Restructuring Programme aimed at improving efficiency in the market by, among others, having separate power generation and distribution entities."
'via Blog this'
Golden Matonga and Eneless Nyale May 31, 2018 0 Comments
Ministry of Finance, Economic Planning and Development has refused to honour a K58 billion financial bail-out request from technically insolvent power utility Electricity Supply Corporation of Malawi (Escom) to enable it provide reliable power supply.
Escom says it found itself in the situation after its split that gave birth to Electricity Generation Company (Egenco) on January 1 2017 as part of Power Market Restructuring Programme aimed at improving efficiency in the market by, among others, having separate power generation and distribution entities."
'via Blog this'
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