Energy Fiji Limited paid dividends to its shareholders today at the EFL headquarters

Fiji: Deputy Prime Minister and Minister for Finance, Hon. Biman Prasad, received the dividend payout of $20.7 million (51 percent) paid to the Government. Meanwhile, Sevens Pacific Pte Ltd received $17.9 million (44 percent), and sum of $2.03 million (5 percent) was paid out to the Central Share Registry.

The Deputy Prime Minister, Biman Prasad, congratulated the Energy Fiji Ltd board, management, and hardworking staff on the performance carried out in its service to Fiji citizens.

The Coalition Government will continue to work towards ensuring a reliable and affordable energy supply for all, especially for homes in rural areas.

The Deputy PM, Prasad, has ensured to work against the electricity system to be provided efficiently for people and Fiji’s economy. He stated, “As a Coalition Government, we are mindful, and we understand the history of the organization – its critical importance to the social, economic fabric of our country. The supply of electricity is critical for the economy and our people. On the Government’s part, it has always been the responsibility of the Government to supply electricity to as many of our families as possible.”

“Part of the Government’s long-held strategy is supporting grid extension, rural electrification, and ensuring that homes are properly wired and connected to the electricity grid system. $7.1M has been allocated for the grid extension project; $ 4.1m will be payable to EFL. As a Government, we want to accelerate and ensure that there is a quicker way of supplying electricity to achieve the target of 100 per cent of Fiji’s population having access to affordable and reliable electricity,” DPM Prasad said.

In addition, the Department of Energy has been allocated $3M to continue installing solar home systems for households in remote and maritime areas inaccessible to the EFL grid.
EFL CEO Hasmukh Patel is encouraging customers who wish to be shareholders in the organisation, as applications are free.

Gabriel Peters

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