Angola | Gov’t wants self sufficient water and electricity companies

Water and electricity supply and production companies should be self-sustaining, and no longer require public funding, said Angola’s Minister for Energy and Water, João Baptista Borges.
Cited by local media the minister said that these companies had to ensure sufficient revenues to remain in operation, ensure the implementation of their investment plans, “without having to resort to funding from the state budget.”
The minister’s statement comes at a time when new tariffs for both sectors have been in place since 1 January, with price increases of up to 100 percent and changes to consumption bands, particularly for domestic customers.
The various increases in water and electricity tariffs, according to information from the Angolan Electricity Sector Regulation Institute, are the result of a process of transformation of the sector that began in 2015 and ended with the recent approval of the General Electricity Law, which safeguards “customers with lower incomes.”  MDT/Macauhub