10 NOVEMBER 2023, KARACHI: NEPRA has scheduled a hearing on 14 November 2023 on account of a uniform QTA for the 1st Quarter of 2023-24. The request has been filed by XWDISCOS. As per Policy Guidelines issued by the Federal Government, the cost after NEPRA’s determination is to cascade onto KE’s customers as well in accordance with Uniform Tariff Policy.
NEPRA will scrutinize this request and issue a final decision on the amount to be passed on to customers as per the procedure. NEPRA and the Government of Pakistan legislates the governing policies and regulations which determine the costs to be recovered from customers in their monthly bills. 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.
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.