The government of Pakistan and Karachi Electric (K-Electric), a major power provider in Karachi, have signed several agreements to resolve longstanding disputes, as announced by the Power Division.
The agreements encompass various aspects, such as tariff differential subsidy, power purchasing, and a mediation agreement. The mediation agreement, in particular, is expected to facilitate the clearance of pending dues between K-Electric and the government. This series of agreements is a significant step towards enhancing the power supply and addressing various issues in the sector.
Muhammad Ali, the Caretaker Minister for Energy, congratulates the people of Karachi on these milestone agreements. He emphasized the government’s dedication to bringing improvements to the power sector.
In a related development, the National Electric Power Regulatory Authority (NEPRA) provisionally renewed K-Electric’s licence for six months, responding to KE’s request for a 20-year renewal.
K-Electric, serving 3.4 million consumers, argues that the renewal of their license is crucial for the welfare of consumers and the overall power industry.