Eritrean Electricity Corporation Establishment Proclamation, No. 142 of 2004
Country
Type of law
Legislation
Abstract
This Proclamation establishes the Eritrean Electricity Corporation as a legal person. The purpose of the Corporation is to contribute to and enhance the socio-economic development of Eritrea by way of providing efficient, dependable, cost-effective and environmentally safe generation, transmission and distribution of electricity for sale to the Eritrean public. The Corporation has the power to assume, undertake and enhance the duties and public service responsibilities for and in the production, transmission, distribution and sale of electricity in Eritrea. Other powers of the Corporation include; to apply and pursue cost-effective commercial standards upon electricity tariffs and related services; procure and import required equipment, machineries and related spare parts and components as well as services for the sustenance of its proper operations; to secure and utilize development funds or grants, loans and financial facilities from financial institutions and governments within or outside Eritrea, among others. The organization and administration of the Corporation is extensively provided in the Proclamation; a Board is constituted to carry out the mandate of the Corporation.
Attached files
Date of text
Repealed
No
Source language
English
Legislation Amendment
No
Implements