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ADB VP Shixin Chen recommits to continue to support Nepal

ADB VP Meets Nepal Prime Minister, Reaffirms Partnership

Manufacturing companies question hike in power prices

Manufacturing companies question hike in power prices Nicholas Pointon © ASSOCIATED PRESS Meridian Energy spokesperson said the current prices were the result of extremely low rainfall for months Big manufacturing companies are questioning if they have a future in the face of high power prices. Data from energy consultancy firm Energy Link shows wholesale power prices are nearly seven times higher than they were a year ago, at $314.44 per megawatt hour (MWh) and have reached as high as $500 (MWh) in the past fortnight. The soaring prices forced the temporary closure of the Norske Skog paper mill in Kawerau and has led New Zealand Steel to scale down its operations at its site in Glenbrook.

Daily Mirror - POWER MAFIA EMPOWERED

POWER MAFIA EMPOWERED - 0     Sri Lanka had not been able to get the best possible technology for power generation The PUCSL would call for tenders with the participation of all stakeholders before implementing an electricity project There are about 600 complaints a year regarding electricity services The power mafia comprises crooked businessmen, engineers, bureaucrats and politicians The lack of transparency adversely impacted investor confidence, which in turn negatively impacted the whole economy The Auditor General has also revealed that the electricity from diesel could have been purchases at Rs 18 when Rs 45 to Rs 65 was charged per unit In a surprise move, President’s Secretary P.B. Jayasundera on December 1 wrote to Treasury Secretary

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