14 FEBRUARY 2024, KARACHI: NEPRA concluded a hearing on account of Quarterly Tariff Adjustment (QTA) for the period October 2023 to December 2023, the second quarter of FY24. The request was filed by XWDISCOS and includes various charges concerning system operations. Per government guidelines, the final decision issued by the regulator and notified by the GOP, will apply to all customers of distribution companies including KE.
The final notification will state the amount to be charged in customer bills, and the period over which these charges will apply. As the power sector operates in a regulated environment, costs of electricity and such charges are determined by NEPRA and notified by Government of Pakistan. 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.