14 Sep 2015

American Samoa government to pay off bulk of its debt

1:56 pm on 14 September 2015

The American Samoa Government's unpaid debt to the territory's power authority is expected to reduce significantly, once the proceeds of a bond sale are in.

Pago Pago, American Samoa.

Pago Pago, American Samoa. Photo: AFP

The government owes the American Samoa Power Authority US$9 million, with its current bill being about US$400,000 a month.

But the Authority's executive director, Utu Abe Malae, says the utility expects the bill to be paid with proceeds from the American Samoa Economic Development Authority's bond sale.

The authority is to receive US$8.1 million from the sale to carry out green projects on Manu'a, and to build a wind turbine on Tutuila island.