The Management of the Liberia Electricity Corporation (LEC) has disclosed plans to reduce the cost of operations which have been causing a great loss to the entity.
LEC Chief Executive Officer John Ashley is confident that with reduction in the cost of operations, the entity will immensely drive towards a more meaningful success.
According to Ashley, the decision to reduce its operational cost is based on the increase in power-thief that is causing a decrease in revenue generation for effective operations of the corporation. Ashley also disclosed that LEC is incurring losses of US $16m annually as a result of power theft.
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