Home » Business » ESCOM SAYS STOLEN FUEL AT 4.2 MILLION LITRES.

ESCOM SAYS STOLEN FUEL AT 4.2 MILLION LITRES.

By MFN reporter

State-ownedpower utility Electricity Supply Corporation of Malawi (Escom) has disclosed that the amount of diesel for the 78 megawatts (MW) generators that was stolen is actually 4.2 million litres and not 3.8 million litres as earlier reported.

 

Escom public relations manager Innocent Chitosi confirmed that the amount of fuel stolen was 4.2 million litres and that there were no effective escorts for the Kanengo site in Lilongwe compared to other areas.

 

The theft translates to a loss of K3.7 billion at the pump price or K1.7 billion at the wholesale price at which Escom negotiated to buy the fuel from National Oil Company of Malawi (Nocma) with approval from government.

 

The volume of 4.2 million litres is approximately 114 tankers of 35 000 litres capacity which many, including civil society organisations and the Budget and Finance Committee of Parliament, have argued cannot be blamed on security guards alone.

Malawi Freedom Network
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