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Billion-dollar losses, bad debts being tackled, says NWC
2013-11-01 13:05:39 | (0 Comments)
The National Water Commission (NWC) is seeking to assure that it is implementing measures aimed at tackling its billion-dollar losses and bad debts.
It was revealed earlier this week that the commission recorded losses totalling $3.5 billion from April to September this year as well as a year-to-date bad debt of $13.8 billion.
NWC’s Corporate Communications Manager Charles Buchanan says the company is looking at ways to clear its bad debt.
However, he says there are some challenges in the process required to get approval to write off the bad debts.
He says steps are being taken in going after revenue that is deemed collectible.
About 60 per cent of the company’s revenue is said to be uncollectible.
Buchanan says the NWC is involved in several major projects aimed at addressing the major issues facing the commission.
He has disclosed that about 3,500 leak repairs are carried out on company infrastructure every month.
Buchanan says the NWC should see significant reduction in the amount of electricity used within a year.
He says a programme is now underway aimed at getting delinquent customers to regularise their payments for water supply.
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Source: The Gleaner/Power 106 News
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