Maputo, Mozambique, 17 April – Turnover at Mozambican electricity company, Electricidade de Moçambique (EDM) has risen by around 65 percent over the last four years from 1.536 billion meticals in 2005 to 1.536 billion in 2008, according to Mozambican daily newspaper, Notícias.
In a recently published performance report, the company’s chairman, Manuel Cuambe noted that from posting a loss in of 155.2 million meticals in 2005 EDM in 2007 posted an estimated profit of 4.4 million meticals, with profit expected to total 37.6 meticals in 2008.
Cuambe also said that between 2006 and 2008 EDM provided electricity to 1.2 million new consumers, which, he said, was due to a rise in the rate of provision from 7 to 12 percent during the period under review.
Over the next few years EDM says it faces the challenge of providing electricity to all of the 128 districts in the country, as currently only 80 district capitals receive electricity from the national grid.
Cuambe also noted his company’s focus on reduce non-technical losses of electricity (losses due to theft, fraudulent installations, meter rigging and others).
Clandestine links and non-technical loss of electricity account for a direct loss to the company of over 240 million meticals.
Theft and vandalisation of transport and distribution facilities alone, including public lighting equipment, resulted in a direct loss of over 168 million meticals. (macauhub)