The energy sector debt has surged to $3 billion, according to Energy Minister-designate, John Jinapor.
Speaking during his vetting before Parliament's Appointments Committee on Monday, January 13, he highlighted the alarming rise in the sector's liabilities, which he attributed to ineffective management and the ballooning interest on existing debt. "When we're leaving office, the debt stock consolidated was close to 2 billion.
Fortunately, I have a document summary of energy sector debts and lenders through August 31, 2017, the ESLA PLC got a full audit of the entire energy sector debts.
Read also: Private sector participation crucial in power distribution - Jinapor "I refer to the 17 of the document.
