Mozambique: Political risk could increase cost of energy project financing - HCB
Mozambique: “Government will pay off its debts to EDM” – Luis Amado
8:30 CAT | 08 Jun 2018
Amado said that state institutions owe EDM around 280 million meticais (around US$4.8 million at current exchange rates) and that the company is installing prepayment energy meters, also known as Credelec. Photo: A Republica
Mozambique Electricity (EDM) is convinced that the government will pay off its entire debt to state institutions which, according to Radio Mozambique, add up to around 280 million meticais.
Quoted by Radio Mozambique online, EDM spokesman Luís Amado said that state institutions owe EDM around 280 million meticais (around US$4.8 million at current exchange rates).
“The company is installing prepayment energy meters, in coordination with government. Where you cannot cut off supply, such as in hospitals and other essential services, we are in talks with the government over payment of arrears. It is true that this is a recurring situation, which we will solve today, but two years from now… But one thing is certain: in my experience at EDM, the state always pays. It may accumulate, but the day comes when the government shows up and pays; it does not run away,” Amado said.
Source: Rádio Moçambique
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.