By Wezzie Gausi:
Electricity Supply Corporation of Malawi (Escom) owes power producers billions of Kwacha in unpaid invoices due to a non-cost-reflective tariff and sharp currency depreciation, The Daily Times has learned.
The utility’s chief executive officer Kamkwamba Kumwenda confirmed the development, saying Escom’s financial strain stems from the mismatch between what it collects from customers and what it pays to producers.
Read more, click:- https://times.mw/etimes/
