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. Last Updated: 07/27/2016

Power Price Hike Mulled

The government may hike electricity prices by more than the planned 5 percent in a move that could help the sector recover from an accident at a key power station, sources said Tuesday.

Three government sources said that next year regulated power prices for industrial consumers could be increased by more than the planned 5 percent.

The issue was raised at the Economic Development Ministry last week and an increase of 6 percent to 7 percent was discussed, one source said, adding that there was no final decision.

(Reuters)