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AfricaPresse Gabon energy and water company placed under interim administration

Broadcast United News Desk
AfricaPresse Gabon energy and water company placed under interim administration

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By decision of the President of the Republic of Gabon, the Gabonese water and electricity sector concessionaire, Société Energie et d’Eau Gabon (SEEG), was placed under interim administration on 27 August 2024. Currently, the interim administrator has not yet been appointed. We understand that this will be during the next Council of Ministers.

According to the Transition and Recovery Committee (CTRI), the measure was taken with the aim of rehabilitating SEEG, which is currently in crisis due to the dysfunctions affecting the company, including IT security breaches, suspicions of fraud, and controversial decisions made by the current management. “SEEG is caught in a multi-faceted crisis resulting in supply cuts and load shedding that is a disdain for users whose patience has reached its limit. Beyond infrastructure delays, it is clear that SEEG’s situation is due first and foremost to weaknesses and management failures. Proves the legitimacy of the President of the Republic.

The measure is also accompanied by a complete overhaul of the SEEG organizational chart and a reduction in the number of directors, which will be reduced from 51 to 14, including 21 departmental staff. However, the President of the Republic said that the workforce will not be affected“There are no plans to lay off employees and the salaries of agents will not be affected”a press release from the Committee on Transition and Recovery (CTRI), a designated agency.

In addition, ongoing audits and investigations will continue within the company, and a security and anti-fraud department will be established, led by CTRI members. CTRI also plans to renegotiate the company’s debt through a settlement plan and reduce the price of electricity meters. From now on, the cost of installing a single-phase meter will be changed from 140,000 FCFA to 70,000 FCFA. As for three-phase meters, their installation cost will be 120,000 FCFA instead of 280,000 FCFA. CTRI warned that installing meters at a rate higher than these amounts will expose the perpetrators to the harsh sanctions of the law.

Gabonese hope that at the end of the interim government, SEEG will be restored and the people will no longer be deprived of water and electricity.

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