NEPRA lowers MYT of K-Electric by Rs. 2.83 per unit

NEPRA has fixed the Multi Year Tariff (MYT) of K-Electric at Rs. 12.77 per unit. The Regulatory body has lowered the MYT by Rs. 2.83 per unit.

Prior to the change in Tariff, the earlier MYT expired at Rs. 15.70 per unit.

Sources at K-Electric say that the new Tariff will jeopardize the plans for future investments by K-Electric. The new Tariff will turn the Power Generation body of largest metropolitan city into a loss making entity.

Earlier on 10th of August, K-Electric approved development of 900MW (2-450MW) RLNG based Combined Cycle Power Plant at Bin Qasim Power Station Complex (BPQS – III) subject to completion of all statutory & regulatory requirements and corporate & commercial actions.

However, the company noted that while it has approved the project in principle, the project is dependent on the review petition pending with NEPRA regarding the MYT Multi Year Tariff determination 2017.