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2 clusters · 5 sources · 5 days · First seen · Last updated
Pakistan industrial energy tariff and cost disputes
Overview
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for reforms to electricity pricing to improve industrial competitiveness. FPCCI President Atif Ikram Sheikh urged the government to reduce industrial tariffs to below 9 cents per unit and requested that the National Electric Power Regulatory Authority (NEPRA) reject approximately Rs268 billion in disputed Prior-Year Adjustment claims from ten power distribution companies.
Following these calls for reform, developments in the energy sector indicate rising costs and capital requirements. The Central Power Purchasing Agency (CPPA) has applied to NEPRA for a tariff increase of Rs2.56 per unit to recover higher fuel costs from September. Additionally, the Gujranwala Electric Power Company Limited (GEPCO) has proposed increasing its authorised share capital by 50 percent, from Rs50 billion to Rs75 billion, following directives from the Privatisation Commission.
Entities
National Electric Power Regulatory Authority · Privatisation Commission · Federation of Pakistan Chambers of Commerce and Industry · Islamabad Electric Supply Company · Gujranwala Electric Power Company Limited
Timeline
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[BUSINESS] 4 sourcesPakistan energy sector: GEPCO proposes capital hike as CPPA seeks tariff increase
GEPCO has proposed a 50% increase in its authorised share capital, while the CPPA is seeking a Rs2.56 per unit electricity tariff hike to recover rising fuel costs.
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[BUSINESS] 2 sourcesFPCCI urges Pakistan to lower industrial power tariffs and reject disputed utility claims
The FPCCI is urging Pakistan to lower industrial electricity tariffs below 9 cents per unit and has asked NEPRA to reject Rs268 billion in disputed power distribution cost claims.
Sources
arynews.tv · dailytimes.com.pk · energyupdate.com.pk · pakbanker.com · thecurrent.pk