Gov’t allocates $3B for Linden electricity Co.

Government has allocated $3B to the Linden Electricity Company Incorporated (LECI) and residential customers of the mining town will be paying $5 per Kilowatt-hour (kWh) and businesses $12 per kWh.

This was revelation was made early yesterday morning by Public Infrastructure Minister David Patterson when Parliament’s Committee of Supply continued its consideration of the budget estimates.

Patterson said the LECI would receive a $1B subsidy under his ministry.