Fiji Time: 6:32 AM on Sunday 11 December

Fiji Times Logo

/ Front page / News

Rate increase

Luke Rawalai
Saturday, June 07, 2014

THE Commerce Commission's initiative of increasing the independent power producer's rate from 23 cents to a minimum of 33.08 cents is an incentive for renewable energy producers.

Speaking in Labasa during a consultation with taxidrivers, Minister for Energy Aiyaz Sayed-Khaiyum said this was an example of government's incentives for renewable energy producers in the country.

Mr Sayed-Khaiyum described the move as an incentive for those wanting to set up a company to supply electricity sourced from renewable energy.

"It is basically known that to set up a renewable energy plant, the initial investment is quite high so the rate of return obviously will be reflected on the unit price sold to the grid," he said.

"Previously, it was 23 cents so now its 33.08 cents with the hope that obviously there will be a number of IPPs that would be interested in providing electricity."

Earlier, commission chairman Mahendra Reddy said they met stakeholders to discuss IPPs in the energy sector and re-looked at tariff rate, which was one of the key factors that determined entrance of IPPs into the sector.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.64000.6210
JPY 55.899352.8993
GBP 0.38380.3758
EUR 0.45640.4444
NZD 0.68230.6493
AUD 0.65300.6280
USD 0.48690.4699

from

$0.00

Exchange Rate updated on 09th December, 2016

Today's Most Read Stories

  1. Torture report
  2. Hong Kong thrash Fijianas
  3. Body found on Suva foreshore
  4. Plight of homeless, pregnant couple
  5. Relief turns to disappointment for villagers
  6. 'Stay focused'
  7. Embassy looks into Seaton's removal
  8. Cameras in court
  9. Vuniwaqa: Social changes needed to fight abuse
  10. Quake hits Solomons, Fijians safe

Top Stories this Week

  1. Superstition or fact Sunday (04 Dec)
  2. Fiji mum, baby kept in cell Wednesday (07 Dec)
  3. Young, no home and pregnant Friday (09 Dec)
  4. Fatal torture Wednesday (07 Dec)
  5. Salary review plan for teachers, says Reddy Monday (05 Dec)
  6. Year 10 results out, 45pc pass Wednesday (07 Dec)
  7. Fiji's Year 10 results out Tuesday (06 Dec)
  8. 9 years on Friday (09 Dec)
  9. PM did not endorse app Sunday (04 Dec)
  10. Soko's message Tuesday (06 Dec)