The national electricity company, Senelec, continues to face financial difficulties because of technical failures, low end-user prices and the higher price of oil. But efforts to privatize the company have failed. “Initially, in 1999, the State sold 34% of the company's capital to a consortium made up of Hydro-Quebec and Elyo. However, in 2000 the Government cancelled the contract because of continuous power cuts. It then launched a call for tenders for the sale of 51% of the capital in 2001, which failed.” [Global Energy Research, 11 December 2016]