• This is due to the utility’s failure to comply with regulatory requirements such as the Accounting, Water Quality Monitoring and Tariff Setting guidelines.
• NWASCO shall closely monitor all operations of the Commercial Utility.
• The Commercial Utility has been given time-frames in which the curative parameters agreed upon are expected to be met.
National Water Supply and Sanitation Council (NWASCO) has disclosed that it has placed Lukanga Water Supply and Sanitation Company (LGWSC) on Special Regulatory Supervision due to failure to comply with regulatory requirements.
NWASCO Public Relations and Communications Manager Mpunga Simukwai told Money FM News that this follows the comprehensive annual inspection which was carried out by the Council in March, 2023.
“The Special Regulatory Supervision (SRS) enforced on LGWSC is due to the utility’s failure to comply with regulatory requirements such as the Accounting, Water Quality Monitoring and Tariff Setting guidelines, which have resulted in weakened internal controls and overall flaws in the financial and commercial processes.”
“NWASCO shall closely monitor all operations of the Commercial Utility which will include assessing and rendering necessary guidance on any resolutions or decisions that the Commercial Utility’s Board of Directors and Management will be making,” Mrs. Simukwai stated.
She added that the Commercial Utility has since been given time-frames in which the curative parameters agreed upon are expected to be met to ensure a smooth turn-around in its operations.
“The Commercial Utility’s failure to attain desirable outcomes of this process may result in other escalated interventions from NWASCO which may include suspension of the entity’s Operating Licence,” she added.