June 21, 2023 (MLN): The Economic Coordination Committee (ECC) has approved a surcharge of Rs1.52/unit to be recovered from K-Electric consumers in 12 months.
Moreover, the committee allowed the release and utilization of the available budget of Rs76 billion as payment of arrears under different heads.
The summary was tabled by the Ministry of Energy (Power Division) regarding the Quarterly Tariff Adjustments of K-Electric.
The ministry informed that as per National Electricity Policy 2021, the Government may maintain a uniform consumer-end tariff for K-Electric and state-owned distribution companies.
The ECC considered another summary of the Ministry regarding the implementation of a revised circular debt management plan and utilization of Rs20.72bn to Government owned power plants.
Furthermore, the committee authorized Power Division to utilize a one-time full amount out of the assignment account in relaxation of the limit of using Rs4bn per month during June 2023 for the next five months.
The ECC also considered and approved another summary of Power Division regarding the release of Rs56bn as approved under revised CDMP against the AJ&K receivables.
The aforesaid meeting was chaired by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar.
