Jan 19 , 2019
Ethiopian Electric Utility collected half of the 700 million Br still outstanding in electric bills from its customers in the first half of the current fiscal year. “The Utility has started taking action against customers that are delinquent,” according to its CEO, Shiferaw Telila. The Utility planned to collect nine billion Birr in annual revenue from its customers, which is far short of the 35 billion Br the Utility says it needs to properly run its infrastructure projects. The reason for the recent price adjustment was to meet the specified target amount in four years time, according to Shiferaw. Just before the beginning of the current fiscal year, the firm underwent major organizational and operational changes. This led to 11 deputy CEOs being appointed to newly established offices in the nine regional states and two city administrations.
Loading your updates...