Capital investment in 2020 was $40.1 million or an increase of 1.4% from $39.5 million in 2019. The COVID-19 pandemic delayed several planned projects due to two factors: strict foreign currency management by local banks affecting the procurement of materials from international vendors and restriction on the movement of persons necessary to carry out works. The Company continued its investment in the distribution network with $18.5 million, or 46.0% of capital investments, spent on system expansion, reliability improvement, programs to enhance safety standards, and streetlight projects. Another $7.8 million, or 19.3% of capital investments, was invested in the transmission and substation network, while projects related to generation accounted for $2.1 million or 5.3%. Also, $5.9 million or 14.8% of capital investments was spent on the vehicle fleet and other operational equipment and properties. Lastly, General Expenses Capitalized (GEC) and interest charged to construction accounted for $5.8 million or 14.6% of capital investment. 9
Capital Investment 2 ($MN)
$38.9
2016
$33.6
$30.6
2017
2018
