The Fiji Electricity Authority has so far gone against it's budget and spent an additional $18 million on fuel cost for this year.
This was revealed by FEA Chief Executive Officer, Hasmukh Patel during a presentation on FEAs operations last night.
Patel said when they were preparing their corporate plan for this year, they had budgeted $69 million for their fuel cost however following the price increase in June this year, they have already spent $87 million on fuel.
Patel said their budget expansion was due to the rise in fuel prices in the world market and the cost of using diesel generators proved expensive.
He also said they are anticipating a loss of $15-$20 million for this year.
Story by: Praneeta Deo
FEA busts budget on extra fuel costs
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