30
Mar
Tujoromajo Kasuto Electricity Control Boards 2021 financial year report reveals that its revenue declined by 7.75 percent from N$93,7 million in the previous fiscal year to N$86,4 million. The actual quantities of power supplied by the ECB declined by 10.3 percent as compared. The decrease in electricity units sold is due to the general decline in economic activity, which is principally attributed to the impact of COVID-19. Other reasons include a growth in power generation for personal consumption by users, such as solar rooftops, which are not subject to the ECB levies. Levy income is ECBs primary source of revenue.…