Friday, February 28, 2020



By Muhammad Bah Mr. Ebrima Sanyang Managing Director of the National Water andNawec Power Station Electricity Company NAWEC on Tuesday 12th May 2015 told the Public Account and Public Enterprise Committee of the National Assembly that the revenue of NAWEC for the year ended 2013 was D2,021 million while cost of sales stood at D2,000 million.Mr. Sanyang informed Deputies this is due to an increase in the cost of inputs mainly fuel, lubricant and spare parts maintenance. He added that as NAWEC procures most of its inputs overseas, foreign exchange rate fluctuations had significant negative impact on the cost of operations. He explained that this is evident from the exchange loss of D405 million in 2013 an increase of 96% from 2012. Thus any further instability increase the overall financial loss of the company for the year 2013, said the NAWEC MD. Regarding the timely payment of bills, he said government has been instrumental in directing NAWEC to replace all the conventional electricity meters of all non-government critical institutions and installations, which has to a great extent assisted and improved the revenues of the company and as a consequence reduced potential arrears. He however noted that the recovery of debts owed by Area councils and some government institutions can significantly alleviate the dire situation of the company, adding that government is currently being engaged by NAWEC to assist in this endeavour.]]>

Must Read

GBoS Releases GDP Expenditure Results

Abdoulai G. DibbaThe Gambia Bureau of Statistics (GBoS) has released the results of the finalized rebasing of the Gross Domestic Product (GDP) using the...

Basse Market Catches Fire