TRNC Electricity Authority want price adjustment to be made in electricity

The TRNC Electricity Authority (Kib-Tek) has called for price adjustment to be made in electricity.

Kubilay Özkıraç, President of the Turkish Cypriot Electricity Institution Employees Union (El-Sen), on Wednesday noted that price adjustments should be made in electricity.

In a written statement, EL-Sen Chairman Özkıraç stated that the depreciation of the Turkish Lira against foreign currency has caused KİB-Tek to suffer huge losses, and that it is no longer sustainable for KIB-TEK to sell at a loss, with many expenses in foreign currency.

Özkıraç said, “It is an inevitable fact that the Electricity Authority will go to price adjustments. Of course, such a step to be taken in the midst of the economic crisis may burn our pockets a bit today, but it will save tomorrow and this institution will remain in the will of the Turkish Cypriots.