While cabinet has approved an electricity tariff increase of 1 cent per unit, a lot of money will be saved and lots of jobs will be created.
Interim Finance Minister Mahendra Chaudhry said while additional revenue from the tariff increase will be used for the construction of the Nadarivatu Hydro Power project, hundreds of new jobs will be created during its construction over the next four years up to 2011.
Chaudhry added that upon completion, the country will experience diesel cost savings resulting in a reduction in diesel imports by the year 2011.
Fiji Electricity Authority (FEA) Acting Chief Executive Sunil De Silva also said while the increase will contribute a lot towards the Nadarivatu Hydro Power project, this will save the FEA a lot in costs in the long term.
The tariff increase will not apply to low income domestic customers who consume less than 250 units of power which is about $50 per month.
All religious organizations, schools, street lights and other non-profit organizations are exempted from this tariff increase.
Tariff Increase To Benefit Long Term
Related Stories
COMPOL urges Lagalaga Sanatan students to value discipline and education
Students of Lagalaga Sanatan Primary School in Labasa have been reminded of the importance of education, discipline and obedience by the Commissioner of Police Rusiate Tudravu. Tudravu spoke to the students during
Heavy Rain Alert remains for Viti Levu, Southern Bua, Cakaudrove, Lau and Lomaiviti Groups
A Heavy Rain Alert remains in force for the Eastern half of Viti Levu from Serua, Namosi through Navua, Suva, Nausori, Tailevu, Naitasiri, Ra, Southern Bua, Cakaudrove, Taveuni, Kadavu, Lau and Lomaiviti Groups and near
Warning letter written to Prof. Narsey – Acting AG
Acting Attorney General Siromi Turaga says a strong warning letter has been written to Electoral Reform Commissioner Professor Wadan Narsey after he came out publicly with the Electoral Reform Commission report recommen
3 Fijian men from KVT gang in Sydney denied bail for AUD$12.5M drugs case
Three Fijians who are alleged to be associated with a gang supplying drugs in Sydney have been refused bail by the court. 28-year-old Eparama Nevale, 28-year-old William Ravoka, and 24-year-old George Sukanaivalu,
Proposed ‘People First’ submits application for registration
The Proposed ‘People First’ has submitted its application for registration to the Registrar of Political Parties, Ana Mataiciwa. Mataiciwa confirms that the FEO is now preparing to publish the party’s applica
Visitor arrivals on track for record year while sugar output drops
Visitor arrivals have recovered following a decline in the first quarter and based on current trends, Fiji is on track to achieve a third consecutive year of record visitor arrivals in 2025. While speaking on the p