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الوقائع الإخبارية
Parliament considers solutions for Electricity Company debt
The Parliamentary Committee on Energy and Mineral Resources revealed that there are ongoing efforts to assess the financial situation of the National Electric Company. They held a meeting to discuss its debt and its impact on the energy sector. The committee emphasized the need to find radical solutions to ensure the sector's sustainability and improve its efficiency, focusing on reviewing contracts and reducing hefty financial costs. The challenges indicate accumulated debts resulting from reliance on heavy fuel and diesel in the past, with the ongoing oversight by the Board of Commissioners of the Audit Bureau to monitor financial performance and ensure the stability of the kingdom's energy supply.
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