No crisis at energy fund – Amutse
Industries, mines and energy minister Modestus Amutse says the National Energy Fund remains stable despite spending N$1.3 billion in two months to cushion fuel prices. “There is no crisis and we are not facing insolvency,” he said in an interview with Desert FM yesterday. He said the government used the fund to cushion consumers against […] The post No crisis at energy fund – Amutse appeared first on The Namibian .
Industries, mines and energy minister Modestus Amutse says the National Energy Fund remains stable despite spending N$1.3 billion in two months to cushion fuel prices.
“There is no crisis and we are not facing insolvency,” he said in an interview with Desert FM yesterday.
He said the government used the fund to cushion consumers against rising international fuel prices.
It paid fuel suppliers N$805 million in April and another N$490 million in May, leaving the fund with between N$200 million and N$300 million, Amutse said.
