Mining & Energy
Lower coal prices may be a key strength for Mozambique - By Levy Sergio Mutemba
Mozambique Electricity (EDM) customers’ account arrears tripled between 2015 and 2016 and, although more than half is Zambia’s Electricity Supply Corporation (ZESCO) debt, Mozambique state institutions account for 2 billion meticais of unpaid bills ( more than US$32.646 million at current exchange rates).
The Ministry of Defence, the Water Supply Investment and Assets Fund (FIPAG), Airports of Mozambique, Radio Mozambique, District Administrations or the Ministry of Health are among the guilty parties.
Examining the accounts of the state-owned energy supplier, @Verdade found that arrears amounting to 388 million meticals in 2013 tripled the following year to just over 995 million meticals and again tripled in 2015, reaching 3.1 billion meticais.
However, between 31 December 2015 and the end last year, customer debt again tripled, to 9.7 billion meticais.
@Verdade has already revealed that 6.1 billion meticais of this amount was owed by ZESCO, resulting in the suspension of energy supply to Mozambique’s neighbour, and another 614 million is owed by another neighbour, Zimbabwe.
President Nyusi ordered that all state institutions’ arrears were to be cleared during a visit he made to the Ministry of Energy and Mineral Resources last February.
@Verdade has established that EDM is owed 2,069,948,400 meticais by domestic consumers, who in 2015 owed 1.6 billion meticais .
Among the largest domestic debtors are the Ministry of Health, the Ministry of Defence, the Water Supply
Investment and Assets Fund (FIPAG), Airports of Mozambique, Radio Mozambique and the district administrations, Director of Economy And Finance of EDM, Getá Remígio Manuel Pery exclusively revealed to @Verdade.
Also included in the EDM list debtors to which @Verdade was granted exclusive access are Botswana Power Corporation (329,475,193 meticais), Aggreko Moçambique Limitada (597,773,120 meticais), Kenmare Moma (66,420,484 meticais), the Lesotho Electricity Company (39,230,428 meticais), the Benga Mines (23,910,564 meticais), MCM Indústrias Texteis (24,675,607 meticais) and the Nacala Logistics Corridor (18,137,632 meticais).
Source: A Verdade
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