Karachi: The Government of Pakistan (GoP) has submitted a petition in NEPRA to raise 51 paisas for Karachi’s power consumers under uniform quarterly adjustments. The petition is scheduled for hearing on 8th November by NEPRA. This hike is requested by the GoP in order to maintain uniform tariff policy across the country. The recovery period is yet to be determined by NEPRA and notified by the 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 the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.