National Water and Electricity Corporation

National Water And Electricity Co.Ltd (NAWEC) was established in June 1996 under the Companies Act of 1955 as a Public Limited liability Company. NAWEC is engaged in the generation and provision of electricity, water and sewerage services for domestic, public and industrial purposes. NAWEC succeeded the Gambia Utilities Corporation (GUC), which was established by an act of parliament in 1972 and the Utilities Holding Corporation (UHC), which was established by Presidential Executive Order in 1992. UHC entered into a leasing contract with SOGEA which formed a company, Management Services Gambia Limited (MSG) to operate and manage the assets profitably. This arrangement was terminated in February 1995, leaving UHC with the management responsibility of the assets.

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NAWEC is mandated for the provision of electricity, water and sewerage service in The Gambia. It is governed by a Board of Directors which is appointed by the Honourable Secretary of State for Energy. The Managing Director, appointed by the President, is responsible to directly oversee the operations of the Company. NAWEC has six (10) divisions each headed by a Director who reports directly to the Managing Director. The Directors also supervises Managers who work under their divisions.

The electricity, water and sewerage assets are owned by government but managed and operated by NAWEC. As a public enterprise NAWEC has not operated on a commercial basis in the sense that both water and the provinces are subsidized by the Electricity Division. Although NAWEC has achieved financial sustainability for its normal operations, it still lacks the resources to properly expand the electricity system. Due to this the system is ill equipped to satisfy the growing demand and needs substantial investment for maintenance and expansion.

Financials

Fiscal Year 2014

Total Assets

D5,892,779,000 4%

Profit / Loss Before Taxes

D68,466,000 0%

Income

D2,126,955,000 5.2%

Profit / Loss After Taxes

D367,098,000 -55.9%

Total Liabilities

D3,115,393,000 -21.6%

Fiscal Year 2013

Total Assets

D5,664,381,000

Profit / Loss Before Taxes

D68,466,000

Income

D2,021,430,000

Profit / Loss After Taxes

D831,910,000

Total Liabilities

D3,975,770,000
  • Board Composition

    Board of Directors

    Mr. Aki Allen Chairman (Private)
    Mr. Shola Joiner Vice Chairman (WAPP)
    Mr. Abdoulie Mbye Member (Private)
    Mr. Tejan Bahoum Member (BB Electrical)
    Mr. Mohamed Jaiteh Permanent Secretary, Office of The President- (Ex-officio)
    Mr. Bai Madi Ceesay Permanent Secretary, Ministry of Finance and Economic Affairs (MOFEA) – (Ex-officio)
    Mr. Modo Njie Permanent Secretary, Ministry of Energy – (Ex-officio)
    Mrs. Anna Dibba Company Secretary
  • Contact Information
     NAWEC
     53 Mamadi Maniyang  Highway
     Kanifing, K.M.C.  
     P.O.Box 609, Banjul
     The Gambia
      
    Tel:   +220 4376607 / 4376608 
     Fax:  +220  4375990
     Mail: info@nawec.gm
     Web: www.nawec.gm
     
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    NAWEC 2019
    NAWEC 2019
    NAWEC 2018
    NAWEC 2018
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    NAWEC 2017
    CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIA
    CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIA

    This Code of Good Corporate Governance aims to define the responsibilities and accountabilities of the Board of Directors and Officers of State-Owned Enterprises (SOEs). It is the primary source of guidance on all aspects of governance including statutory guidance under which the SOEs operate if not conflicted with Acts of Parliament. The focus is on commercial SOEs at the national level in which government has significant control through full, majority, or substantial minority ownership.

    National Water and Electric Company (NAWEC) - 2013 Accounts
    National Water and Electric Company (NAWEC) - 2013 Accounts
    National Water and Electric Company (NAWEC) - 2014 Accounts
    National Water and Electric Company (NAWEC) - 2014 Accounts