News
Saturday, June 15, 2013
Nawaz approves hike in power tariff
* Electricity tariff likely to be increased by Rs 2.50 per unit from July 1ISLAMABAD: Prime Minister Nawaz Sharif on Friday approved Rs 2.50 per unit increase in electricity tariff. The decision was taken by the prime minister at a high-level meeting aimed at reviewing the energy crisis. Nawaz decided to take comprehensive steps to increase power generation. Issues relating to power theft, uniform tariff and line losses came under discussion. The meeting also decided to start talks with neighbours, including India, to import energy. According to the Water and Power Ministry, the government has to give a subsidy of Rs 350 billion because electricity, which is being purchased at Rs 14/unit, is sold at Rs 9/unit to the consumers. It said that up to Rs 150 billion could be saved by increasing the power tariff by Rs 2.50/unit. The meeting was told that a new energy policy would be devised by the month-end. inp
Courtesy www.dailytimes.com.pk