Tuesday, June 5, 2007

Zimbabwe raises power tariffs as shortages worsen

(Reuters) - Zimbabwe on Tuesday raised electricity tariffs by more than 50 percent as it battles worsening power shortages in the country and a vicious inflation spiral which has increased economic hardships.

A subsidiary of the state power utility Zimbabwe Electricity Supply Authority (ZESA) Holdings said in a statement it was raising electricity prices for both domestic and industrial use by 50.2 percent and would be making further increases in line with inflation.


Read more at Reuters Africa

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