14 NOVEMBER 2023, KARACHI: NEPRA today conducted a hearing on account of a QTA for the 1st Quarter of 2023-24. The request was filed by XWDISCOS and as per Policy Guidelines issued by the Federal Government, the same cost is to cascade for KE’s customers as well.
NEPRA and the Government of Pakistan, legislate on governing policies and regulations that determines the costs and the method for recovery from consumers under the Uniform Tariff Policy applicable throughout the country. Individual Distribution Companies cannot influence the process or make unilateral changes.
The QTA filed by XWDISCOs is on the account of capacity charges, transmission charges, impact of T&D losses due to FCA and variable operation and maintenance charges.
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.