Power firms must give price concessions

ngumi

Former Industrial and Commercial Development Corporation chairman John Ngumi. FILE PHOTO | NMG

The John Ngumi commission on renegotiation of Power Purchase Agreements (PPAs) this week invited key stakeholders and members of the public to submit written memoranda on the subject. According to the notice, submissions must reach the task force by May 28.

Expect a deluge of submissions especially from lawyers representing the merchant plants. I agree that by asking stakeholders and members of the public to hand in memoranda, the Ngumi-led task force has started well.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.