Tariff increase to enable EFL to meet debt

INCREASING the electricity tariff by 17.27 per cent would enable Energy Fiji Ltd (EFL) to meet debt covenants imposed by lenders and provide comfort to the Fijian Government as the sovereign guarantor for some of EFL’s borrowings. In its submission to the Fijian Competition and Consumer Commission, EFL said meeting debt covenants would also result […]

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