Speaking on Gökhan Altıner’s “Sabah Postasi” programme on Kibris Postasi TV, Tuğcu explained that due to the Kalecik-3 contract and poor financial management at Kib-Tek, more price increases are inevitable.
He outlined four main reasons for the hikes:
The Kalecik-3 contract with AKSA.
High-interest loans.
Losses in the grid, with one-third of electricity being wasted.
Unpaid debts from privileged groups.
Tuğcu reiterated that without addressing these issues, price hikes will continue and mentioned that after a previous 13% increase, followed by this 15% hike, another one is expected soon.
