NEPRA approves KEL’s power acquisition program for FY 2024-2028

By MG News | May 20, 2024 at 03:29 PM GMT+05:00

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May 20, 2024 (MLN): National Electric Power Regulatory Authority (NEPRA) has approved K-Electric Limited's (PSX: KEL) Power Acquisition Programme (PAP) for the period FY 2024 to 2028.

KEL shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday.

KEL had applied to NEPRA for approval of PAP for the period FY 2023-24 till FY 2029-30 on March 20, 2023, in compliance with the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 read with the NEPRA (Electric Power Supplier) Regulations, 2022 and the NEPRA (Electric Power Procurement) Regulations, 2022.

The key objective of KEL’s PAP is to develop a long-term capacity expansion plan to meet the energy demand in a reliable, sustainable, and cost-effective manner as the Supplier of Last Resort (SoLR) for its licensed service territory.

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