The Fiji Electricity Authority has recorded an after tax profit of $75.3 million in 2012.
FEA chairman Nizam Ud Dean said 2012 was a challenging year for FEA as a result of the two floods and Cyclone Evan last year.
Dean said their debt stands at $330 million that they have to pay.
He added they also have to do major capital works at Monasavu where refurbishment of the entire Monasavu Hydro Scheme will take place which will cost $45 million.
This will be carried out in a three year period timeframe.
Dean added this profit does not mean that they have a lot of money as most of it will go into paying debts and capital works.
CEO Hasmukh Patel also revealed that they had to spend $5 million after Cyclone Evan’s devastation which was mostly on the repairing of power lines around the country.
He added they also had to spend $2 million after the floods early last year.
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