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Madagascar Power Utility Reports Monthly Loss, l’Express Says

Jirama, Madagascar’s state-owned electricity and water distributor, is incurring monthly losses of 30 billion ariary ($14 million), l’Express de Madagascar reported, citing data from the Treasury.

Enelec, which sells electricity to three towns, plans to stop provision because of unpaid bills, the Antananarivo-based newspaper said today, citing a statement from Enelec.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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