For many utilities, the difference between the recovery of operating costs and the recovery of operating plus debt-service costs is small. This indicates that debt-service costs are relatively small for these utilities. It is worth noting that utilities’ performance on the cost-recovery indicators presented in the Utility Performance and Behavior in Africa Today (UPBEAT) would be worse still if a more complete assessment of capital expenditure were...
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Utility Performance and Behavior in Africa Today : Annex B : Financial Performance (English). Energy Sector Management Assistance Program Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/207491629129240892