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Namibia to increase bulk electricity tariffs by 8 percent

Xinhua, May 9, 2017 Adjust font size:

Namibia's Electricity Control Board (ECB) announced on Tuesday that after conducting a due regulatory process it has approved an 8 percent bulk tariff increase, effective July 1.

The electricity regulator CEO, Foibe Namene said the increase translates to an effective bulk tariff increase from 1.49 Namibian dollars (0.11 U.S. dollar) to 1.61 Namibian dollars per kWh.

According to Namene, the increase would suffice for power generating firm Nampower to cover its allowed operating costs and also fulfill its financial obligations.

"The increase is applicable to Nampower bulk customers which are Regional Electricity Distributors (REDS), local authorities, regional councils and mines," she stated.

Namene said that the ECB considers the 8 percent tariff increase to be the optimum increase for Nampower and the customers.

"Should the increase be lower than 8 percent it means that a large portion of the under recovery will be deferred to the following year which will be a burden on the future tariff adjustments," she said. Endit