K-Electric receives NEPRA approval for generation tariff

By MG News | Category Equity | October 22, 2024 at 03:58 PM GMT+05:00

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October 22, 2024 (MLN): K-Electric Limited (PSX: KEL) has informed today that the National Electric Power Regulatory Authority (NEPRA) has approved the Generation tariff for all its power plants for the period post-June 2023.

KEL had applied to NEPRA for approval of the Generation tariff of all its power plants for the period post-June 2023, on December 01, 2022.

The company is in the process of evaluating/reviewing the decision in detail and will exercise available remedies, if required, in accordance with the statutory provisions.

The Multi-Year Tariffs for Transmission, Distribution and Supply businesses for the period FY 2024 to 2030 are currently under the determination of NEPRA and are fundamental for the preparation of Financial Statements for the period post June 30, 2023.

"PSX will be informed accordingly upon approval of the said tariff petitions," KEL's notice to PSX concludes.

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