By: Fatou Krubally
The National Water and Electricity Company (NAWEC) has presented financial and operational reports on three major electricity projects valued at over US$55 million to the National Assembly’s Public Enterprise Committee (PEC).
The reports, covering the period 1 January to 31 December 2023, relate to the Gambia Electricity Access Project (GEAP), the Gambia Electricity Restoration and Modernization Project (GERMP), and the ECOWAS Regional Electricity Access Project (ECOREAP).
Presenting the financial details, NAWEC official Mam Kumba Touray said GEAP recorded total receipts of US$4.68 million, while expenditures amounted to US$4.54 million during the period under review.
She said GERMP, the largest of the three projects, registered receipts of US$41.31 million against expenditures of US$41.56 million, resulting in a cash deficit of US$242,302.
According to the report, ECOREAP recorded receipts of US$9.67 million, with expenditures of US$9.52 million, leaving a surplus of US$150,703.
Project Coordinator Haddy Njie told lawmakers that the projects are part of ongoing efforts to improve electricity access, reliability, and energy security in the country.
She said GEAP aims to expand affordable and reliable electricity supply to households, strengthen NAWEC’s capacity, and support sustainable economic development.
Njie explained that GERMP focuses on restoring electricity services in priority municipal and regional areas, improving the operational performance of the utility, and enhancing its capacity to manage and dispatch renewable energy.
On the regional level, she said ECOREAP seeks to increase access to reliable electricity in The Gambia, Guinea-Bissau and Mali during its first phase, with the wider programme targeting 2.5 million beneficiaries across five West African countries.
Members of the Public Enterprise Committee are expected to continue examining the reports ahead of their consideration and adoption, with further deliberations scheduled for 23 February 2026.
