AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
Pakistan Stock Exchange
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

K-Electric get ECC approval for tariff increase

admin-augafbyadmin-augaf
June 22, 2022
inBusiness, Finance, National, News
Reading Time: 2 mins read
0
K-Electric to carry out minimum of 3 hours load shedding with no exception

K-Electric to carry out minimum of 3 hours load shedding with no exception

Share on FacebookShare on TwitterWhatsapp

Karachi June 22 2022: Ministry of Energy, Power Division submitted a summary on tariff rationalization for K-Electric to Economic Coordination Committee (ECC) which is presided by Federal Minister for Finance and Revenue Mr. Miftah Ismail at Finance Division, today

As per National Electricity Policy 2021, the Government may maintain a uniform consumer-end tariff for K-Electric and state owned distribution companies. Accordingly, KE applicable uniform variable charge is required to be modified to maintain the uniform tariff across the country.

The ECC approved tariff rationalization for K-Electric by way of adjustments of increase Rs. 0.571/unit with recovery period of three months. Further, NEPRA to issue revised schedule of tariff determined for the Quarter October to December, 2021, or incorporate in the latest schedule of tariff for the quarter Jan- March 2022 after incorporating tariff rationalization.

On another summary of Power Division on settlement of payables to Government owned Power Plants at par with IPPS, the ECC allowed release of Rs. 17 billion during current financial year i-e FY 22 as investment in DISCOs for payment to RLNG based public power plants ( Haveli Bahadur Shah, Bhikki and Balloki Power Plants) to meet the cash requirement. Ministry of Energy, Power Division submitted another summary on notification of quarterly tariff adjustments (QTAs) of K-Electric Limited and associated financial impact.

The ECC after detailed discussion allowed utilizing available budget of Rs. 36.948 billion as advance subsidy in FY-22 for onward release to CPPA-G due to paucity of time.

The ECC considered and approved a supplementary grant of Rs. 1224.41 Million in favour of Ministry of Interior for payment to the families of deceased/ Shaheed employees under Prime Minister’s Assistance package in order to support the families of Shuhda/deceased of ICT Police who have sacrificed their lives in the line of duty.

Source: PID

Related Posts

KE Successfully run first fire of Unit-1 of 450 MW

KE’s Profitability Severely Impacted due to Mid Term Review Decision and Severe Devaluation of Pakistani Rupee

NEPRA increased electricity prices for the user of K-Electric by PKR 4.8269 per unit

K-Electric to carry out minimum of 3 hours load shedding with no exception


Tags: adjustmentK-ElectricTariff
admin-augaf

admin-augaf

Related Posts

Germany takes step closer to gas rationing
Business

Germany takes step closer to gas rationing

June 25, 2022
Toyota recalls electric cars over concerns about loose wheels
Business

Toyota recalls electric cars over concerns about loose wheels

June 25, 2022
EU’s Borrell in Tehran for talks on reviving Iran’s 2015 nuclear pact
Business

EU’s Borrell in Tehran for talks on reviving Iran’s 2015 nuclear pact

June 25, 2022

Recent News

Germany takes step closer to gas rationing

Germany takes step closer to gas rationing

June 25, 2022
Toyota recalls electric cars over concerns about loose wheels

Toyota recalls electric cars over concerns about loose wheels

June 25, 2022
U.S. Supreme Court overturns Roe v. Wade, ends constitutional right to abortion

U.S. Supreme Court overturns Roe v. Wade, ends constitutional right to abortion

June 25, 2022
EU’s Borrell in Tehran for talks on reviving Iran’s 2015 nuclear pact

EU’s Borrell in Tehran for talks on reviving Iran’s 2015 nuclear pact

June 25, 2022
Four-nation T20I series idea is still alive’: Ramiz Raja

Four-nation T20I series idea is still alive’: Ramiz Raja

June 25, 2022

Popular News

  • Pak Suzuki Increased Car Prices Upto PKR 150,000

    Pak Suzuki Prices to go up by PKR 76,000 to PKR 81,000 If Mini Budget Get Parliament Nod

    0 shares
    Share 0 Tweet 0
  • Pakistan raised PKR 792 billion at all time high rates, yields crossed 15% for the first time

    0 shares
    Share 0 Tweet 0
  • Gold Prices To Increase More Than 17 thousand per Tola After Approval of Mini Budget

    0 shares
    Share 0 Tweet 0
  • OGDCL and PPL to hold 16.67% share in $10 Billion Reko Diq project

    0 shares
    Share 0 Tweet 0
  • Meezan Bank became the fourth largest bank overtake MCB in terms of deposits: PSX

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Germany takes step closer to gas rationing
  • Toyota recalls electric cars over concerns about loose wheels
  • U.S. Supreme Court overturns Roe v. Wade, ends constitutional right to abortion

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Germany takes step closer to gas rationing

Germany takes step closer to gas rationing

June 25, 2022
Toyota recalls electric cars over concerns about loose wheels

Toyota recalls electric cars over concerns about loose wheels

June 25, 2022
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.

ArabicEnglishItalianSpanishUrdu