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Power matters
December 13, 2020
This refers to the letter ‘A bad deal’ by Nazim Haji (Dec 11). The writer has opposed the government’s plan to transfer the shares of K-Electric (KE) to Shanghai Electric Power (SEP) as he fears that the potential buyer, which is a powerful Chinese company, will dictate its terms, resulting in exorbitant power tariffs for consumers. Even though this fear is not entirely unfounded, we have to keep in mind that SEP is a large group which has been involved in electricity generation and transmission as well as the manufacturing of the equipment required for doing so for decades.