Irbid Electricity Co. collects JD31m from domestic clients in 2021

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(Photo: Irbid Electricity Company Facebook)
AMMAN — The 2021 value of receivables of Irbid Electricity Company (Irbid, Jerash, Ajloun, Mafraq) from domestic subscribers amounted to about JD31.32 million, compared to JD31.9 million in 2020, according to the company’s annual data, released on Monday.اضافة اعلان

The number of subscribers in the household sector in 2020 reached about 506,000, making up 87 percent of total subscriptions with the company.

The data stated that the total receivables of all subscribed sectors at the end of 2021 amounted to about JD131.5 million, an increase of 29 percent.

The highest value of receivables came from subscribers of water pumps, with the value of unpaid and accumulated bills until the end of 2021 amounted to about JD42.4 million, in addition to receivables of non-domestic subscribers and government departments at a value of JD12.8 million.

The unpaid electricity bills for industrial subscribers (small and medium) to the Irbid Electricity Company amounted to JD5.1 million, compared to JD4.6 million.

The accumulated electricity bills on the agricultural sector in northern Jordan reached JD2.8 million at the end of 2021, compared to approximately JD2.6 million.

Irbid Electricity Company’s achieved profits in 2021 amounted to JD6.9 million, compared to JD7.76 million in 2020, a decrease of 11 percent.

According to the company’s 2020 annual report, the number of cases filed by the company against third parties in 2020 amounted to 151 cases, in addition to 87 ongoing cases from previous years; the cases are related to interference in electricity meters, returned checks, colliding columns, and financial claims instead of receivables for electricity bills.  Additionally, 2020 recorded more than 3,000 cases of tampering with meters.

One of the most important objectives of the company is to distribute electrical energy in retail to consumers under the license obtained on June 30, 2008 and valid for 25 years from that date.

The company’s general assembly decided in its extraordinary meeting on August 25, 2021, to increase the company’s capital by JD2 million through capitalizing the balance of retained earnings, whereby the company’s capital increases to JD10 million.

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