Government Looks To Partially Divest Fiji Electricity Authority

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Sale of shares to private sector hopes to raise $249 million

SUVA, Fiji (Fijilive, April 21, 2015) – The Fijian Government has invited expressions of interest from potential investors in the partial divestment of its ownership in Fiji Electricity Authority.

In a public notice undersigned by Minister for Public Enterprise, Aiyaz Sayed-Khaiyum, deadline for submission of EOIs has been set for 4pm on Friday, 5 June 2015.

In the 2015 Budget, government also highlighted plans to divest shares in Airports Fiji Limited (AFL), Fiji Ports Corporation Limited and Government Printing, all of which Government anticipates to generate revenue of around $507 million [US$249 million].

Meanwhile in the FEA EOI invite notice, government says its objective is to secure long-term partnership in FEA to ensure optimum value of FEA's partial divestment is realised, meet the long-term goal of energy sector development and enhanced private sector participation, particularly in the renewable energy, align the Fiji energy sector to international best practices, ensure better and affordable supply of electricity and increase participation of ordinary Fijians in the development of capital market.

The government further said investors would be selected based on financial capacity and proven investment track record as well as experience in power generation and transmission.

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