Thursday, May 19, 2011

Invest more in power generation, govt urged-Tanzania

The government needs to scale up investment in both new energy ventures and upgrade existing power generation and supply infrastructures to bring the nation’s ongoing power crisis under control.

This was said by the Norwegian Ambassador to Tanzania, Ingunn Klepsvik, during an exclusive interview with The Guardian.

The interview coincided with celebrations of the Norwegian Constitution Day, marked on Tuesday at her residence in Dar es Salaam.

She said while she acknowledges efforts by the government to mitigate the effects of Tanzania’s energy woes, it remains its duty to finance electricity generation ventures in a bid to stabilise power supply. 

Federal regulators kill electricity rate hike

Charges reversed!

Federal regulators today overturned an order that would have zapped New York City residential electric bills by 10 percent to 12 percent.

The Federal Energy Regulatory Commission acted barely 24 hours after Albany lawmakers passed a law that eliminated the reason for the shocking price increase.

If FERC’s original ruling stood, New Yorkers — who already pay some of the nation’s highest electricity prices — would have forked over an estimated $1.5 billion to the generating companies over the next three years.

"Ding, dong, the electricity rate hike’s dead!" crowed Sen. Charles Schumer, who griped about the whopping increase in a phone call to FERC chairman Jon Wellinghoff.