Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Electricity Prices: 60 percent increase imminent
08-23-2008, 10:46 AM
Post: #1
Electricity Prices: 60 percent increase imminent
60 percent increase imminent
MUSHTAQ GHUMMAN
ISLAMABAD (August 23 2008): Sixty percent increase in electricity prices, over and above 16 percent raise already passed on to the consumers with the withdrawal of GST exemption, is expected to be announced shortly. Sources told Business Recorder that the National Electric Power Regulatory Authority (Nepra) was recommending about 61 percent increase in the electricity tariff which the government wanted to pass on to consumers immediately.

In June, the finance ministry had briefed the Cabinet that power tariff would touch Rs 10 per unit after the upward revision, however, the Secretary Water and Power was of the view that lower income levels would be protected. "It would be a hefty increase targeted to remove Pepco's growing financial difficulties," a senior finance ministry official said requesting anonymity.

He was of the view that Wapda has to make payments to Independent Powers Producers, which were threatening to shut down their power plants because of non-payment. Replying to a question, the official said that the government cannot allow IPPs to invoke sovereign guarantees as overdue amounts would be cleared by the Pepco through this increase in tariffs. "Pakistan has to survive as a normal country and it is also in favour of IPPs," the official maintained.

He said that all government subsidies, including those on oil and electricity will be eliminated by June 2009 and the consumers will have to share the burden of increased prices for all products. The Pepco's circular debt was increasing which would have to be cut by allowing increase in electricity charges, he added.

Copyright Business Recorder, 2008
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  FBR Set to Significantly Increase Immovable Property Valuations This Week LRE-Azan 0 50 10-23-2024 06:20 PM
Last Post: LRE-Azan
  FBR Issues Final Warning to Non-filers: Utility Services Disconnection Imminent LRE-Azan 0 544 01-12-2024 02:22 PM
Last Post: LRE-Azan
  Increase in Profit Rates for National Savings Schemes Announced LRE-Azan 0 487 11-02-2023 06:34 PM
Last Post: LRE-Azan
  Pakistan’s Cement Industry Reports Slight Increase LRE-Azan 0 934 02-08-2023 06:44 PM
Last Post: LRE-Azan
  The Dollar Price Increase In The Open Market Also Gold Price Increase Per Tola LRE-Azan 0 1,581 11-27-2021 02:28 PM
Last Post: LRE-Azan
  Rawalpindi: Huge Increase in Residential Property Commercialization Fees LRE-Azan 0 1,492 11-22-2021 08:17 PM
Last Post: LRE-Azan
  300MW Plant In Gwadar will supply Free Electricity To Aarea issued LRE-Azan 0 5,200 01-17-2018 05:05 PM
Last Post: LRE-Azan
  Electricity from coal-based projects within 3-5 years: CM Salman 0 4,509 02-10-2014 02:44 PM
Last Post: Salman
  German firm offers to produce gas, electricity from garbage Salman 0 10,788 10-14-2013 04:29 PM
Last Post: Salman
  CDA announces 50 percent rebate on property tax Salman 0 5,441 09-16-2013 04:40 PM
Last Post: Salman
  CDA committed to increase green cover in capital) Salman 0 4,566 04-30-2012 12:34 PM
Last Post: Salman
  CDA committed to increase green cover in capital Salman 0 4,450 04-14-2012 02:36 PM
Last Post: Salman
  Govt making efforts to generate cheaper electricity: Qamar Salman 0 4,787 03-20-2012 12:32 PM
Last Post: Salman
  CDA proposes increase in property tax & water tariff Salman 0 4,474 03-20-2012 12:31 PM
Last Post: Salman
  Islamabists resent 3-time increase in plots transfer Salman 0 4,639 03-10-2012 12:29 PM
Last Post: Salman
  Electricity generation through renewable resources Salman 0 4,302 03-07-2012 12:59 PM
Last Post: Salman
  1000MW Iran electricity to Pak plan hits price snag Salman 0 4,883 02-01-2012 01:25 PM
Last Post: Salman
  17% tax revenue increase achieved in last six months Salman 0 4,321 01-14-2012 02:52 PM
Last Post: Salman
  Pakistan to import 500MW electricity from India Salman 0 4,898 01-10-2012 11:55 AM
Last Post: Salman
  Steps towards self-sufficiency: CDA to generate 22MW electricity from waste Salman 0 4,270 01-04-2012 02:24 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 2 Guest(s)