KARACHI: The President, SITE Association of Industry Muhammad Kamran Arbi, while welcoming the decision of the federal government to allow power tariff @ 9 cents / KWh to industrial consumers, has demanded the Govt. to issue the Notification of the same immediately.He said that power tariff reduction to 9 cents/kWh will not only help in restoration of industrial competitiveness and reigniting the engine of the economy but would also go a long way in boosting the confidence of industrialists. Such a move would boost exports across all sectors and stimulate…
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Govt mulls slashing power tariff for industries
ISLAMABAD: Caretaker Federal Minister for Energy Power and Petroleum Muhammad Ali on Tuesday said the government was mulling to take a major step and cut electricity tariff for industries. Speaking to Geo News, Ali said the caretaker government was going to accomplish a couple of big tasks as they had five to six weeks left before the elected government could take charge. “We are trying to cut electricity tariff for industries because the industrial sector is subsidising households at the moment. There will not be jobs and exports unless the…
Read MoreGovt working towards reducing electricity cost: minister
ISLAMABAD: Caretaker Minister for Power and Petroleum Muhammad Ali has said that the government is working on revising electricity tariff structure to reduce the cost of electricity as export industry cannot compete with regional competitors that are supplying electricity at 9 Cents/ kWh. Testifying before the reconstituted Senate Standing Committee on Power, now headed by Senator Azam Nazir Tarar, the Caretaker Minister, who was forced to attend the meeting, said that Power Division is working on rationalisation of electricity tariff formula meant to ensure electricity supply to industry sans the…
Read MoreKE licence hearing today
NEPRA frames questions based on comments from industrialists, other stakeholders ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is set to conduct a public hearing on Tuesday to consider a request for the renewal of K-Electric’s (KE) electricity distribution and supplier licence. Nepra has framed 17 questions in response to comments from various stakeholders while KE will present its arguments. KE, a private power utility, has filed for the renewal of its licence on a non-exclusive basis. Ex-Wapda distribution companies (DISCOs) have already been awarded non-exclusive licences for a period…
Read MoreGovt Seeks Over Rs6 Per Unit Increase In KE Tariff
The public authority has asked the National Electric Power Regulatory Authority (Nepra) to increment K-Electric’s buyer levy by up to Rs6.02 per unit under two past quarterly changes and permit its recuperation from shoppers in 90 days — April to June — to guarantee public uniform duty. The public authority has previously told an identical expansion in duty for purchasers of ex-Wapda Discos
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