The National Economic Council has said there is an urgent need for technical and financial audits of the electricity distribution companies in the country before interventions by Siemens, World Bank a
nd others.
It said the challenges included non-implementation of cost-reflective tariffs, misalignment between the investors and the Bureau of Public Enterprises on required investment in Discos, under-investment in infrastructure and poor implementation of rules/contracts. It said, “Some of the critical assumptions that directly affect liquidity in the market and the ability of Discos to make necessary investments e.g. level of metering, aggregated technical, collection and commercial losses, capital expenditure allowance were incorrect at the point of privatisation.
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