Government spent N$90 million to cushion against higher electricity tariff increments – Kahimise
Staff Reporter THE Chief Executive Officer (CEO) of the Electricity Control Board (ECB), Robert Kahimise, has said that the Namibian government spent a total of N$90 million to cushion consumers against higher electricity tariff increments. Kahimise made this statement during a press conference at which it was announced that the ECB Board had resolved to ... The post Government spent N$90 million to cushion against higher electricity tariff increments – Kahimise appeared first on Informanté .
Staff Reporter
THE Chief Executive Officer (CEO) of the Electricity Control Board (ECB), Robert Kahimise, has said that the Namibian government spent a total of N$90 million to cushion consumers against higher electricity tariff increments.
Kahimise made this statement during a press conference at which it was announced that the ECB Board had resolved to approve a moderated bulk tariff increase of 4.8%, significantly below the 8.4% sought by NamPower.
“Following engagements with the Honourable Minister of Industries, Mines and Energy, and through a combined relief allocation of N$90 million, comprising N$50 million from the Long Run Marginal Cost Fund and N$40 million from the National Energy Fund, the increase was further reduced to 3.7%, which is the increase to be passed on to customers,” Kahimise said.
