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Ministry has not confirmed K32 billion profit from new electricity tariffs

The Ministry of Electricity and Energy (MOEE) has yet to confirm that the electricity tariff hike that starts from July will result in the electricity sector making a profit of K32 billion for fiscal 2019-20, which begins on October 1 this year and ends September 30, 2020. Joint Public Account Committee (JPAC) vice chair U […]

Higher tariffs still welcome if power supply is regular, investors say

Despite higher electricity prices, if businesses are able to enjoy a regular, uninterrupted supply of power, the move is still welcome as most will still be commercially viable, some investors said. “In the last year alone, blackout time in our factory was over 300 hours. When the power is out, we have to run the […]

Govt still mulling hike in electricity tariffs, explores solar options

The government is once again discussing plans to raise electricity charges to partially offset widening losses from subsidising electricity tariffs. “We need to increase prices quickly as electricity consumption is now expected to rise by more than expected,” said U Soe Myint, deputy permanent secretary of the Ministry of Electricity and Energy (MOEE). According to […]