Govt plans 12pc yearly hike in power price up to 2013

The government plans a 12 percent hike in electricity price a year till 2013, said Abul Kalam Azad, secretary, Power Division of the Ministry of Energy and Mineral Resources.
He was presenting a paper on power project development at an international conference organised by the Bangladesh chapter of International Chamber of Commerce at Radisson Hotel in Dhaka yesterday.
Currently, the government charges Tk 2.75 for a kilowatt-hour of electricity consumption.
The price will go up by 12 percent annually to Tk 3.07, Tk 3.44 and Tk 3.88 for fiscals 2010-11, 2011-12 and 2012-13 respectively.
According to a projection by the power secretary, the price will remain unchanged at Tk 3.88 per kilowatt-hour in the next two years.
Bangladesh Energy Regulatory Commission, an autonomous body, hiked electricity prices by 4 to 7.6 percent for different consumers.