sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
February 22, 2008 12:00:00 AM
  Follow @ Twitter
The Fiji Electricity Authority has recorded a profit of $14 million during the 2007 financial year, a major turnaround over the previous year.

In 2006, the company reported a loss of $12.3m due to diesel generation exceeding hydro generation and high fuel costs.

In a presentation to the Minister for Public Enterprises, Aiyaz Sayed-Khaiyum yesterday, the FEA said it aims to provide renewable energy for the entire nation by 2010 which could reduce its high diesel consumption by 30 per cent.

FEA Chairman, Nizam-Ud -Dean made this statement when he presented the Company’s Corporate Plan from 2008 to 2010 to the minister.

Ud-Dean highlighted that the high escalating diesel costs is becoming unsustainable not only in terms of FEA’s operational costs but, is also draining a lot of money from the country.

In order to reduce reliance on diesel fuel, the state-owned corporate utility aims to provide alternative energy sources for electricity generation for the entire country by 2010. 

This will reduce the vicinity of diesel consumption by 30 per cent.

Sayed-Khaiyum said he was pleased with the presentation and expressed that FEA must include new private suppliers of energy to the existing electricity grid.

“I believe that Fiji Sugar Corporation and Tropik Drasa in Lautoka are two major suppliers right now and I am told that Tropik Nadi will be coming in by 2010,” said Sayed-Khaiyum.

The minister said he was pleased to learn that an expression of interest has been put out on the construction of Nadarivatu Hydro scheme costing around $120m. 

A similar project for Taveuni is being considered as well.

On improving FEA’s infrastructure, Sayed-Khaiyum was assured that street lights between Nadi and Lautoka should be up and running by March end this year.

The minister also highlighted the need for citizens of our country to have access to electricity from a grid that is reliable and affordable at all times.

Football Live

Mobile licencees to be announced Tuesday
Punjas, Digicel mum on mobile bid

Bookmark and Share

PM discusses EU-Fiji relations in BrusselsThe growing role by the European Commission in Fiji’s socio-economic development dominated talks on Monday between Prime Minister Voreqe Bainimarama and the EC Commissioner for International Co-operation and Development Neven Mimica in Brussels.
Pope prays for peace in Syria, KoreaPope Francis prayed for a "political solution" in Syria and for "reconciliation" on the Korean peninsula in his first Easter Sunday message in front of a crowd in St Peter's Square.
Fiji receives ICT awardFiji’s efforts in harnessing its ICT sector has been recognised by the International Telecommunications Union and Prime Minister Voreqe Bainimarama yesterday received the ICTs in Sustainable Development Award in New York.
BURGER KING enters Fiji marketWorld’s fastest growing quick service restaurant chain, BURGER KING has opened its first Fiji branch at the Nadi International Airport serving its world famous burgers at the new-look Departure Lounge.
Nakarawa wins PIPA awardsFiji and Glasgow Warriors lock Leone Nakarawa has won the Pacific Island Players Association (PIPA) 2015 Fijian Players' Player of the Year Award and the overall Pacific Island Players' Player of the Year Award.
Broods takes out 4 gongs at NZ Music AwardsBrother and sister duo Caleb and Georgia Nott of Broods took out 4 Tuis at the Vodafone New Zealand Music Awards.