PRIME MINISTER WELCOMES REDUCTION IN POWER TARIFF

Islamabad: Prime Minister Muhammad Nawaz Sharif has welcomed NEPRA’s decision to cut down the electricity tariff by Rs. 0.47 on the details submitted by the Ministry of Water and Power in lieu of Monthly Fuel Price Adjustment for the month of October 2014.

On the directions of the Prime Minister the Ministry of Water and Power had submitted details of fuel mix for slashing the tariff for the consumers and is following strict merit order for ensuring efficient fuel mix for lowering down the cost of electricity generation.

The government is also making connected efforts to change the energy mix from thermal to other affordable sources including coal and hydro generation to bring down the cost of electricity production.

The Prime Minister said that practical step taken by the Government are showing results and its benefits are cascading to the masses. He expressed the hope that further reduction in the oil prices next month will bring considerable solace to the masses at large.

The government is committed to provide this relief in the coming months as well, he resolved.

The Prime Minister further observed that the provincial government must also take practical step to ensure relief to the public in lieu of continuing decline in the oil prices in the country.

The post PRIME MINISTER WELCOMES REDUCTION IN POWER TARIFF appeared first on Pakistan Press International.

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