Finance Ministry Explains EGTC’s Struggles Over EDSA Payment Delays
The Electricity Generation and Transmission Company (EGTC) is grappling with a critical liquidity crisis due to persistent non-payment by the Electricity Distribution and Supply Authority (EDSA). A recent Ministry of Finance report highlights the dire state of the country’s power sector, with EGTC’s financial stability hanging by a thread. In 2023, EGTC’s cash receipts totaled…
