World Bank hints at further power tariff hike

Updated at: 1345 PST, Thursday, July 08, 2010 ISLAMABAD: The increase in power tariffs is not final as the difference between power generation and tariffs is still exists, said World Bank. World Bank’s head in Pakistan John Wall in an exclusive chat in Geo News program ‘Aik say Du’ said the recent hike in tariff is not the final one because the difference between power tariffs and production cost is still in hundreds of billions rupees. He said now its upto government of Pakistan whether it will end the difference through increase in power tariff or budget. Replying to a question about privatization of Karachi Electric Supply Corporation (KESC), John Wall said it was not a wise decision particularly in a scenario where 72 companies including Faisalabad and Islamabad Electric Supply still not privatized.