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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    49 billion dinars the size of the debt of electricity privatization companies

    Rocky
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    • Post n°1

    49 billion dinars the size of the debt of electricity privatization companies Empty 49 billion dinars the size of the debt of electricity privatization companies

    Post by Rocky Tue 19 Mar 2019, 6:41 am

     49 billion dinars the size of the debt of electricity privatization companies

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    The Financial Control Bureau announced that three companies supervise the collection process on the Rusafa side, with 49 billion dinars in favor of the Ministry of Electricity.
    "The General Directorate of Electricity Distribution of Baghdad / Rusafa signed several service contracts and collection with investment companies, and the goal is to rationalize energy," the Financial Control Bureau said in a report on the results of the audit and specialized auditing on service and collection contracts for the province of Baghdad / Rusafa. And the exploitation of energy resulting from this rationalization in feeding other areas and reduce technical losses and improve the performance of the system through the participation of the private sector in the collection activities and periodic maintenance.
    According to the report, "Al-Nour Al-Naqeb Company carried out the contract of service and collection in 21 localities distributed in three areas, Zeona, Palestine and Al-Ghadeer, and Rafidain Company carried out the contract of service and collection in 42 locality distributed in the areas of Rusafa, In 15 localities and specifically in the regions of Adhamiya and Cairo, as well as Nakheel Middle East in 51 locality distributed in the areas of Karrada, New Baghdad and the bridge of Diyala and Zafaraniya.
    The report pointed out that "the investment companies did not adhere to the investment license in accordance with the letter of the National Investment Commission did not include contracts concluded with the Ministry of Electricity on the penal requirement in case of delay of investment companies in the issuance of investment license."
    The report pointed out that "companies did not comply with the reduction of electric loads by 20% in accordance with Article" 27-9 "of the terms of the investment contract.
    The report also stated that "Rafidain Contracting Company for the collection of revenues for the months of November and December 2017, the amount of 305.5 million dinars." Note that the contract concluded with the Ministry of Electricity required to achieve 8 billion dinars per month.
    According to the report, "indicators of citizens' payment of funds ranged from 0 - 54%, which requires the Directorate of Electricity to urge investment companies to increase indicators of payment for the purpose of achieving funds that contribute to maximize financial resources."
    The report stressed that "the Ministry of Electricity is unable to supply electricity for 24 hours to the areas covered, which necessitates the Ministry to provide investment companies equipped energy facilities and reduce the burden of payment of collection fees."
    He pointed out that "the number of subscribers collected by Ahl al-Wasal reached 1234,262, the total sold power amounted to 16.4 billion dinars, while the debts of the company amounted to 6.7 billion dinars, and the debts incurred by Nakheel Middle East 36.5 billion dinars, For contracting the amount of 5.8 billion dinars. "

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