NEPRA admits the petition filed by K-Electric on Quarterly Tarrif Adjustments

KARACHI, Oct 16 (SABAH): National Electric Ower Regulatory Authority (NEPRA) has admitted the petition filed by K-Electric on Quarterly Tariff Adjustments (QTA) for April to June 2023. A public hearing on the request has been announced by NEPRA to be held on October 19, 2023.

The positive QTA includes unrecovered cost related to changes in O&M and capacity power purchase, T&D loss component of FCA, other adjustments and write off claims as per prescribed mechanisms.

Under the Uniform Tariff Policy applicable across the country, the impact of QTA is usually not passed to customers. However, final decisions are based on NEPRA’s determination and subsequent notification by the Federal Government.

ABOUT K-ELECTRIC:
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005, KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 square kilometers territory including Karachi and its adjoining areas. The majority shares (66.4%) of the company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and th bye Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.