BPC financial crisis deepens despite operational gains

Appearing before a parliamentary committee this week, BPC management told lawmakers that the corporation has made measurable progress under its “Maduo 26” strategy launched in 2021, but said the current electricity tariff structure is no longer financially sustainable as costs continue to rise.

The committee session forms part of Parliament’s oversight responsibilities, with legislators examining the state-owned utility's performance and its ability to fulfil its national mandate.