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Show Media ItemShow Media Item - National Water & Electricity Company (NAWEC)

National Water & Electricity Company (NAWEC)

africa » gambia
Sunday, July 01, 2007

Overview

NAWEC established in June 1996 under the Companies Act, is engaged in the generation and provision of electricity, water and sewerage services for domestic, public and industrial purposes. The company succeeded the Gambia Utilities Corporation (GUC) established by an act of parliament in 1972 and the Utilities Holding Company (UHC) established by Presidential Executive Order in 1992. UHC entered into a leasing contract with SOGEA, which formed a company called Management Services Gambia (MSG) Ltd to operate and manage the assets profitably. However this arrangement with MSG was terminated on February 23, 1995, leaving UHC with the management responsibility of the assets.

NAWEC has an authorised share capital of 50 million ordinary shares at D10 each of which only 6,846,600 shares have been called up and fully paid. The Company is 97% government owned while Gambia Telecommunications Company Ltd (GAMTEL), Gambia Ports Authority (GPA) and Social Security and Housing Finance Corporation (SSHFC) were each, allocated 1% share ownership. So far SSHFC has contributed D4 million, GPA contributed D1 million, while GAMTEL has not contributed anything towards its shares in NAWEC.

Sector Policy and Legal Framework

• Draft Energy Policy
• Electricity Law Enacted

Capacity Utilisation

Water Facilities

Number of boreholes: 32
Number of operational boreholes: 31
Combined yield: about 50,000 m3 per day
Existing demand estimate: 70,000 m3 per day
Coverage: Approx. 40% of Greater Banjul Area

Electricity

Installed capacity: 44MW
Available capacity: 30MW
Available capacity (excluding gas oil engine): 26MW
Estimated Peak Load: 35MW
Estimated Percentage Growth: 17% p.a
Requirement to match growth: 6MW p.a
Coverage: 30% of Greater Banjul Area

Source: Gambia Divestiture Agency
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See Also
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