Fuel debt down by over $200m
Published On August 13, 2022 » 1316 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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. Bowa

By JAMES KUNDA-
THE Government has cut the fuel import debt stock by more than US$200 million in the last one year.
According to Energy Regulation Board (ERB) board chairperson Reynolds Bowa, the debt was currently at below $300 million, from more than $500 million in September 2021.
Mr Bowa attributed the development to consistent Government payments towards liquidating the debt using various forms of locally-generated revenue.
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