While acknowledging that the sector has not delivered on the objectives of the privatization 10 years ago, they noted that poor liquidity was a major contributor to the market failure.
He noted that negative cash flow in the industry was affecting operations and the ability to improve power supply to customers. “Every six months, the regulator is expected to review the tariff using economic indices to bring pricing to market level. Some of these variables are inflation, forex, and generation capacity.
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