Parastatal Power Par Uh Stayt L Noun Company Agency Owned Wholly

parastatal /par-uh-STAYT-l/

noun

A company or agency owned wholly or partly by the government.

adjective

Relating to such an organization.

[From Greek para- (beside) + state, from Latin status (condition). Earliest documented use: 1944.]

“In South Africa, rising economic growth and poor government planning, critics say, have left Eskom, the country’s energy parastatal, scrambling to build new power plants.” - Joseph J. Schatz; Power Cuts Cripple Southern Africa; The Christian Science Monitor (Boston, Massachusetts); Jan 25, 2008.

“State and parastatal staff also must contribute more to their pensions.” - Neil Behrmann; 2m British Civil Servants Walk Out; The Business Times (Singapore); Dec 1, 2011.