NEPRA Holds Public Hearing on K Electric's Multi-Year Tariff Proposal
Karachi: The National Electric Power Regulatory Authority (NEPRA) conducted a crucial public hearing regarding K Electric's tariff petition for the determination of a multi-year tariff spanning from FY 2023-24 to FY 2029-30.
K Electric had submitted its comprehensive tariff petition in December 2022, outlining plans for significant investments totaling US$2 billion aimed at enhancing Karachi's power infrastructure. This includes initiatives to boost renewable energy integration and improve transmission and distribution capabilities.
The proposed tariff structure aims for flexibility, incorporating mechanisms to adjust to economic conditions while ensuring cost recovery and maintaining service quality. Plans also include expanding the transmission network, enhancing grid stability, and implementing advanced technologies to reduce power outages and line losses.
As Karachi's primary electricity provider, K Electric's investment plan underscores its commitment to meeting the city's escalating energy demands and ensuring sustainable growth. The outcome of NEPRA's deliberations will play a pivotal role in shaping Karachi's energy future and supporting economic development.
This hearing marks a significant step towards securing reliable and affordable electricity for Karachi's residents and businesses, aligning with broader efforts to advance the region's energy resilience and sustainability.
