Karachi, 13th December 2023: NEPRA has scheduled a hearing on 20th December 2023 on motion filed by Ministry of Energy to apply quarterly adjustments (QTA) of PKR 0.4689 per unit and PKR 1.2489 per unit for 2nd and 3rd quarter of FY22-23 respectively. The request has been filed by the Ministry to maintain uniform tariff across the country, and these charges have already been determined for XWDISCOs.
NEPRA will scrutinize this request and issue a final decision on the amount to be passed on to customers as per procedure. Distribution Companies across Pakistan operate in a regulated environment, and follow the directions issued by NEPRA and the Government of Pakistan as regards to the costs of electricity to be applied customers’ monthly bills. Individual Distribution Companies cannot influence the process or make unilateral changes.
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.