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toubab1020
12311 Posts |
 Posted - 11 Mar 2012 : 13:49:22
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A response from BAC: paid D500,0000,I think that they owe a lot more than that,wonder where the funds of the BAC ended up ?
http://www.foroyaa.gm/modules/news/article.php?storyid=9150 |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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kobo
United Kingdom
7765 Posts |
Posted - 15 Mar 2012 : 01:08:23
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DAILY OBSERVER NEWS AND EDITORIAL;
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Edited by - kobo on 15 Mar 2012 12:44:54 |
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kobo
United Kingdom
7765 Posts |
Posted - 19 Mar 2012 : 05:38:05
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THE DAILY NEWS;
FOROYAA NEWS;
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Edited by - kobo on 20 Mar 2012 03:29:49 |
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kobo
United Kingdom
7765 Posts |
Posted - 20 Mar 2012 : 14:20:18
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DAILY OBSERVER NATIONAL NEWS AND EDITORIAL;
FOROYAA NEWS;
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Edited by - kobo on 20 Mar 2012 14:29:24 |
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Momodou
Denmark
11723 Posts |
Posted - 21 Mar 2012 : 12:39:02
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NAWEC’s Financial Woes Increasing
By Modou S Joof
Wednesday, March 21, 2012
The Gambia’s sole producer, transmitter and distributor of electricity, water and sewerage, NAWEC, is feared to “go under” amidst growing financial problems.
The state-owed company, which continues to operate on obsolete machines, is financially in jeopardy as the government continues to take loans and accumulating debts. NAWEC owes more than three billion Dalasi to lenders, financial institutions within and outside the country.
Huge loans have been accumulated in the wake of new projects like water and electricity expansion; generators and rural electrification; network upgrading; maintenance; establishing stand alone power stations in major provincial towns, including the independent power producer (IPP) at Brikama, the administrative capital of the West Coast Region, among others.
Against this backdrop, NAWEC’s think tank who “seems to be running out of ideas” believe a 33 per cent increase on electricity, water and sewerage tariffs is the main solution to the company’s financial problems and keeps it out of the woods.
Currently, NAWEC charges from D7.20-D8.70 per unit for domestic, commercial, industries, agriculture, local and central government consumption of electricity; it also charges between D8-D10.62 per unit for water consumption; while prices per unit for sewerage are pegged at D2.2-D6.6.
A 33 per cent tariff increase on these essential social services will require at least an addition of D2.38. “If you look our debt, there is no way we can sustain the company if there is no increment on our tariff,” Mr. Nani Juwara, NAWEC’s commercial director said at a public hearing on March 17, 2012.
The hearing organised by the Public Utilities Regulatory Authority (PURA) is the second in the space of one year. It gives NAWEC’s clients the opportunity to partake in the tariff review process by approving or disapproving any proposed increase on the company’s charges.
This year, the public again massively voted against the proposal. One consumer vehemently argued that NAWEC can never repay the D3 billion loans it had on its head. He suggested a swift government bailout hence a tariff increase is not the solution.
However, the irony is that the same government which owns NAWEC had accumulated huge debts and owed up to billions to the company as of June 2011. The company in a desperate move publishes in a media dispatch names of government institutions owing it voluminous sums of money.
From the office of the President, the ministries, area councils, public institutions to the president’s private businesses and a few private companies and individuals, NAWEC is jointly-owed over D2 billion all together.
During the hearing over the weekend suggestions were made to NAWEC, which enjoys domination in the production, transmission and distribution of water, electricity and sewerage services to go after all its debts, and set aside its proposal for tariff increase.
However, the commercial director, Mr. Nani Juwara revealed the company successfully collect 80 percent of monies owed to it monthly. But he fell short of admitting that the remaining 20 per cent has been proving difficult to collect from the government.
“It is only the government that we sometimes have to “maslaahaa” (compromise),” he said. “NAWEC is own by the government.”
The list of debtors “named and shamed” last year by NAWEC was submitted to the National Assembly in Banjul, but following an announcement by the Legislature that an extraordinary session has been postponed until “further notice”, nothing has been heard of it since.
“We are facing some financial problems and if we do not solve it, it will affect us a lot in our operations,” NAWEC’s finance director Mr. Alhagie Jallow said during the first public hearing on February 12, 2011. For the monies owed to it, he said “We do not see a way out if the necessary steps are not taken.”
Between 2008 and 2010, the utility company recorded an operational loss of more than D761 million, undoubtedly harming the revenue base of the company and its operational cost.
At the time, the company finds itself in a situation which could be described as being “between the devil and the deep blue sea” NAWEC owed its major suppliers D830 million in 2010 compared to D378 million in 2008.
Source: Dailynews |
A clear conscience fears no accusation - proverb from Sierra Leone |
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toubab1020
12311 Posts |
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toubab1020
12311 Posts |
Posted - 19 Apr 2012 : 16:22:13
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I wonder how the families of these "obsolete" workers feel ?
“It was discovered that the services of those [45] people are obsolete and “can be outsourced to save the heavily-indebted company some cost associated with salaries,” our unnamed said has revealed. "
http://dailynews.gm/africa/gambia/article/nawec-to-lay-off-staff |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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kobo
United Kingdom
7765 Posts |
Posted - 19 Apr 2012 : 22:40:54
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FOROYAA NATIONAL NEWS;
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kobo
United Kingdom
7765 Posts |
Posted - 24 Apr 2012 : 06:59:33
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FOROYAA NATIONAL NEWS;
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Edited by - kobo on 24 Apr 2012 07:21:05 |
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toubab1020
12311 Posts |
Posted - 12 May 2012 : 18:41:10
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I hate to say , I told you so, (in my posting of 16th September 2011 above) have a read of that and then read this story in The Point.
I am confused if the accused caused the damage themselves (or incompetent "maintainence" was allowed, because they were responsible as being in charge, when they come to trial all will be revealed.OR it maybe because NAWEC were unable to sell $66,889.80. worth of electricity because of "the damage" the crime was committed
A nation cannot function properly with this stupidity going on .
http://thepoint.gm/africa/gambia/article/nawec-officials-face-economic-crime-charge
Reproduced in full below:
NAWEC officials face economic crime charge
africa » gambia
Friday, May 11, 2012
Two senior officials of the National Water and Electricity Company (NAWEC) have been charged with economic crime, and would soon appear before a court.
According to judicial sources, Aziz Jawara and Bakary Kanteh, regional manager and provincial operations director of NAWEC respectively, between the month of May and June 2011 caused losses to the economy of The Gambia to the tune of $66,889.80.
According to the statement of offence, the two accused persons negligently caused damage to generator number 5 at Basse power station, and thereby caused an offence.
The accused persons are expected to be arraigned at the Basse high court presided over by Justice Ikpla on May 15th 2012.
The sources further disclosed that the state has six witnesses to adduce evidence against the accused persons.
The weather in Basse is reported to be extremely hot at the moment, at a time of serious power cuts, the reasons for which are not known to the town’s residents.
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"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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kobo
United Kingdom
7765 Posts |
Posted - 24 May 2012 : 01:27:20
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THE POINT NEWS EDITORIAL NAWEC again!
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Edited by - kobo on 24 May 2012 01:27:51 |
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toubab1020
12311 Posts |
Posted - 25 May 2012 : 03:28:01
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Kobo,well picked up,NAWEC is in a very difficult position,being owed VAST amounts of money from BIG USERS,who think that because they are so big just do not pay knowing full well that everything will be "lost" or "mislaid" "they" will never pay,Brikama council if memory serves me right have made SOME contribution to their debt,the rest nothing, I find it very difficult to blame NAWEC for the electricity problem,how can they manage to run a company on just thin air and no money.
quote:
Originally posted by kobo
THE POINT NEWS EDITORIAL NAWEC again!
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"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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toubab1020
12311 Posts |
Posted - 01 Jun 2012 : 22:46:00
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OK folks, we need some more Ds !
http://thepoint.gm/africa/gambia/article/electricity-water-tariff-increase-starts-today
"While many consumers have described the move as unjustifiable, NAWEC on the other hand said its last tariffs increase of 31% was not sufficient to sustain their operational obligations due to rising cost of inputs such as fuel, lubricants, and spare parts."
(outstanding unpaid bills to NAWEC ?) |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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toubab1020
12311 Posts |
Posted - 19 Jun 2012 : 14:43:08
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Lets hope that this money will get the promised power to the people and that everybody pays using cashpower meters only and that any new equipment is looked after by FULLY trained and reliable operators and that "maintenance" is first class.AND EVERYBODY PAYS IN FUTURE. and those who have not paid in the past are pursued vigorously until they pay what they owe..
http://observer.gm/africa/gambia/article/ofid-approves-over-us60m-for-gambia-others
"A US$12 million project will be used to upstage the Kotu Power Station in The Gambia with a view to providing populations, particularly unconnected communities, with an affordable and consistent supply of electrical power. "
The D.O. is first with this news although it is tucked away a bit,maybe giving the impression by the headline,"OFID approves over US$60M for Gambia, others" , that Gambia was the main beneficiary of the US$60M,cynical ? me  of course not its just a matter of journalistic licence by the D.O. |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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Edited by - toubab1020 on 19 Jun 2012 14:55:26 |
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toubab1020
12311 Posts |
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| Bantaba in Cyberspace |
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NAWEC again in the news.
