Rural Electrification Board is expected to lose around Tk1,400 crore in the current fiscal year if its retail prices are not raised. The REB purchases electricity from Power Development Board (PDB) and supplies that to the consumers through Palli Bidyut Samity (PBS). In the FY2017-18, the loss is expected to rise to around Tk1,400 crore. However, a public hearing is scheduled on September 27, 2017 at the BERC office to revise retail prices of electricity. And to reach that goal, it is essential to increase electricity prices at retail level,” REB Chairman Major General Moin Uddin told the Dhaka Tribune.

Source: Dhaka Tribune September 21, 2017 19:07 UTC