Karachi witnessing discontinued electricity supply

The spikes in electricity price will be for the month of July which will generate Rs 12 billion in revenue.

This tariff hike will put an additional burden of Rs10 billion on power consumers.

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The additional fuel cost of Rs12 billion will be charged from consumers in the coming billing month.

National Electric Power Regulatory Authority (NEPRA) yesterday had imposed a fine of Rs200 million on K-Electric over excessive load shedding in Karachi.

The fine was imposed against the K-Electric for excessive load shedding during the month of June and July this year.

Inquiry against K-Electric

It is pertinent to mention that the Chairman National Accountability Bureau (NAB) Justice (Retd) Javed Iqbal, in July this year took notice of public complaints and media reports and ordered an inquiry against K Electric.

According to a statement issued by NAB, K Electric is accused of overbilling billions of rupees with unannounced long load shedding.

The statement further said that according to the agreement reached with the government of Pakistan, K Electric had to invest in power generation. K Electric is also accused of allegedly not fully abiding by the agreement.

The Chairman NAB directed NAB Karachi to obtain the relevant documents and investment details including a copy of the agreement from K Electric while he also directed NAB Karachi to complete the inquiry against K Electric within 3 months.

Chairman National Accountability Bureau said that NAB always believes in performing its duties in accordance with the law, K Electric will not be allowed to allegedly embezzle billions of rupees in terms of overbilling.

The NAB chairman said that NAB believes in impartial accountability and will not allow unannounced long load shedding and non-compliance with the agreement.