Utility companies unsatisfied with percentage of tariff hikes

General News of Tuesday, 8 December 2015

Source: Starrfmonline.com

Utility CompaniesFile photo

Utility companies in the country are not satisfied with the increment in tariffs.

The Public Utility Regulatory Commission has announced a 59.2 and 67.2 percent increment in electricity and water respectively.

This is contrary to the one hundred percent the utility service providers demanded at the beginning of the year.

Communications Director at the Ghana Water Company Limited Stanley Martey told Starr News the increment will not be enable it raise sufficient funds to address the company’s infrastructural challenges

“Infrastructure in the water sector is capital intensive and with this tariffs we unable to save enough to enable us invest back into the system so we have always had to rely on loans from our banks and unfortunately our balance does not allow us so we rely government to borrow on our behalf. And it makes it very difficult for such a utility to be dependent on government all the time,” he explained.