Wednesday, January 20, 2010

Country needs a better of RPPs and IPPS

The Asian Development Bank (ADB), as the third party auditor on the controversial Rental Power Projects (RPPs) proposed by the Ministry of Water and Power as a means to meet the energy shortfall in the short term has, reportedly, endorsed the general public perception and the stated position of finance minister Shaukat Tarin that the projects were ill-advised, would further burden consumers through a 31 to 45 percent hike in electricity tariff and are too expensive to boot.