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Fiji Electricity Authority pays out a $20m dividend
10:36 pm GMT+12, 06/08/2017, Fiji

The Fiji Electricity Authority (FEA) has handed over a $20 million(US$20 million) dividend cheque to the Government this morning.
 
FEA Chair Dakshesh Patel says the achievement for the Authority is attributed to the hard work of its staff.
 
“We had a healthy cash flow, we had good profitability and I’d like to acknowledge the hard work of all the staff members of FEA.”
 
While receiving the cheque, Public Enterprise Minister, Aiyaz Sayed-Khaiyum said this was a milestone achievement for FEA and is in line with Government’s vision.
 
“We have put in unprecedented amounts of money into infrastructure and the provision of electricity to ordinary Fijians through Fiji has been one our key objective.”
 
This is the first time in fifty one years of operation that the FEA has paid out a dividend to the Government.

source: FBC NEWS/PACNEWS


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