Being fattened for Christmas

The regime is boasting about the Fiji Electricity Authority’s announcement of an after tax profit of $75.3 million in 2012. Sounds too good to be true and probably is. As a Government Enterprise FEA comes under the direct control of Khaiyum and he no doubt directed that FEA has to show a good profit so he can sell it off to get his hands on a big barrel of cash to fund the big spend-up to buy support from voters. Rumour has it that the only thing standing between Khaiyum and his big cash barrel is Minister of Utilities, Captain Timoci Natuva. With Colonel Sam Saumatua’s scalp hanging from his belt, Khaiyum is in no doubt that he’ll win in the long run. He’s confident that he can undermine Natuva as well as he has all the others.

Fiji Village: 24/07/2013 FEA records $75.3M after tax profit for 2012
http://www.fijivillage.com/?mod=story&id=240713e3f3c6923a2992cac949e701

4 Responses to “Being fattened for Christmas”

  1. consumer Says:

    This is hardly anything to do with efficiency of operations and/or financial robustness of current FEA management in meeting demand from existing supply capacity. It is more the fact that they have overcharged poor consumers of Fiji far beyond acceptable margins for monopoly utilities as such. Where’s the deposit interest and fuel price surcharge component in all this profit? They will only get worse when private interests takeover. We will be paying through our noses and ears. The hardwork from yesteryears that brought FEA to be one of the most cost-efficient power supplier is now being reaped by this Kaiyum who will surely get a cut from this deal. Every dog has his day, mark my words

  2. Malcolm Says:

    It is indeed Captain Natuva who opposes Khaiyum’s plan to sell FEA and the other state owned enterprises. But will he be able to succeed on the long run? The answer is clearly no. Nothing is allowed to stand in the way of Khaiyum’s incredible greed for power and money. With help from his favourite Brisbane law firm, Khaiyum has already made a detailed plan how to siphon off very significant sums of state money from FEA sales. The only thing that may get in the way of these plans are savvy investors who see through Khaiyum’s window dressing and see FEA for what it really is: A poorly run utility that has invested in incredibly poor projects since 2006.

  3. silver price Says:

    The regime is boasting about the Fiji Electricity Authority’s announcement of an after tax profit of $75.3 million in 2012. Sounds too good to be true and probably is. As a Government Enterprise FEA comes under the direct control of Khaiyum and he no doubt directed that FEA has to show a good profit so he can sell it off to get his hands on a big barrel of cash to fund the big spend-up to buy support from voters. Rumour has it that the only thing standing between Khaiyum and his big cash barrel is Minister of Utilities, Captain Timoci Natuva. With Colonel Sam Saumatua’s scalp hanging from his belt, Khaiyum is in no doubt that he’ll win in the long run. He’s confident that he can undermine Natuva as well as he has all the others.

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