Maputo, Mozambique, 25 March – Accumulated losses at Mozambican state electricity company, EDM due to theft of electric cables and illegal connections to the grid in 2010 rose 106 percent against 2009, the company’s chairman said in Maputo.
According to Manuel Cuambe, cited by Mozambican newspaper O País, in 2010 EDM posted an estimated loss of 49 million meticals (US$1.58 million) whilst in 2009 that figure totalled 24 million meticals.
Speaking at the ceremony to assess the performance of EDM, Cuambe said that the most important thing for the company at the moment was that there was no involvement, “of our workers in these acts that are greatly clouding the company’s efforts to carry out its mission.”
The paper noted that last year EDM approved and published a Loss Reduction Strategy and also carried out activities to prevent and combat vandalism of electrical materials.
Even so, EDM posted profit in 2010 of 6 billion meticals, which was a rise of some 13 percent on the 2009 result.
In 2010, 130,000 families benefitted from a new connection to the power grid, which increased the number of Mozambicans with access to EDM’s services from 736,000 in 2009 to approximately 857,000 in 2010. (macauhub)