Reuters are reporting that Simba Cement Company Ltd. is opposing a power tariff hike in Tanzania.
Effective 1 January 2017, Tanzania’s energy regulator has approved a power tariff hike of 8.53% by The Tanzania Electric Supply Company (TANESCO). The company had sought an increase of 18.19% to stem losses, making the approved change less than half of what it needed.
The average tariff would now be increased from 242.34 Tanzania shillings (US$0.1114) per kilo-watt hour to 263.02 shillings/kwh.
Simba Cement Company, in opposition to the tariff hike, has emphasised that it will lead to increased production costs with the quality of power supply still being poor.
Read the article online at: https://www.worldcement.com/africa-middle-east/06012017/simba-cement-opposes-tariff-hike/
You might also like
The GCCA has launched the third programme in its Innovandi brand, the Innovandi Entrepreneur Network.