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Theft Dwarfs LEC Revenue By 34% - Official
By Stephen N. Sonpon
MONROVIA, October 19 (LINA) – The Liberia Electricity Corporation (LEC) has experienced a 34 percent reduction in revenue due to power theft, an official of the entity has disclosed.
According to the LEC Deputy Managing Director for Communication, Famata Sirleaf, the LEC, which generates US$3 million annually is currently accounting for US$1.5 million due to the increase in power theft.
Sirleaf said only 47,000 of the over 70,000 customers regularly pay their bills, noting that this is causing “a very huge loss” to the entity.
Sirleaf, who was speaking on the UNMIL Radio morning show “Coffee Break" in Monrovia Wedesday, stressed the need to combat power theft to avert the massive loss of revenue by the LEC.
She cautioned residents engaged in such unwholesome practice to desist, saying the penalties for this criminal act include disconnection and a fine of US$350.
Meanwhile, Sirleaf, has called on all well-meaning Liberians, including government officials and members of the business community, to assist the LEC in combating this illegal act in their various communities to enhance the development of the country.
According to her, the LEC is not connecting any resident or customers currently, and urged the public to exercise patience as the Corporation endeavors to address their needs.