Our Company information provides you about the Nauru Utilities Corporation Background
The Nauru Utilities Corporation (NUC) was established under the Nauru Utilities Act 2011 (the Act) and commenced operations on 1st August 2011. NUC succeeded the Nauru Utilities Authority.
The Act sets out the function of the Corporation with respect to electricity and water services.
In relation to electricity our functions are:
to generate, acquire, exchange, transport, distribute, market and otherwise supply electricity;
to undertake, maintain and operate any works, system, facilities, apparatus or equipment required for any function mentioned in paragraph 1; and
to do anything that the Corporation determines to be conducive or incidental to the performance of a function mentioned in paragraphs 1 or 2
In relation to water our functions are:
to acquire, store, treat, distribute, market and otherwise supply water for any purpose;
to undertake, maintain and operate any works, system, facilities, apparatus or equipment required for any purpose mentioned in paragraph 1; and
to do anything that the Corporation determines to be conducive or incidental to the performance of a function mentioned in paragraph 1 or 2
More recently, the enactment of the Public Enterprise Act 2021 established the NUC as a State-Owned Enterprise empowering NUC with full powers and capacity to do any act for the purpose of performing its functions subject to the provisions within the Act and any other written law or the Nauru Utilities Corporation Constitution. Under the Act NUC’s primary objectives as a state-owned enterprise is to be a successful business,
requiring it to be at least as profitable and efficient as a comparable business in the private sector; and is required to generate a net operating profit after tax that is not less than its weighted average cost of capital prescribed as a percentage. More specifically, NUC must conduct its business and operations with a view to being a successful business.