The Fiji Electricity Authority aims to provide renewable energy for the entire nation by 2010 which could reduce its high diesel consumption by 30 percent.
FEA Chairman Nizam Ud Dean made that statement today when he presented the company's Corporate Plan from 2008 to 2010 to the Minister for Public Enterprises Aiyaz Sayed Khaiyum.
Ud Dean was pleased to inform the minister that FEA made a profit of $14 million during the 2007 financial year, he also highlighted that the high escalating diesel costs is becoming unsustainable not only in terms of operational costs but also draining a lot of money from the country.
Meanwhile, Sayed Khaiyum was pleased and expressed with the presentation that FEA must include new private suppliers of energy to the existing electricity grid.
FEA Makes $14M Profit
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