Islamabad: The National Electric Power Regulatory Authority (NEPRA) led a public audience animated Thursday concerning the request of K-Electric (KE) for an additional complaint of 8.13 billion rupees in terms of radiation, part of a wider complaint of 76 billion rupees for loss linked to the takeover from 2017 to 2023.
Preside over the session, The news Reported, the president of the NEPRA led the discussions by probing KE justification for the radiation and the transparency of his audit practices.
KE CEO, Moonis Alvi, underlined the compliance of the company to “all regulatory requirements”, declaring that the new request adds 8 billion rupees to 67 billion rupees already submitted.
During the hearing, he also defended the legitimacy of complaints, stressing that the audit was led by a “world -renowned company known for its independence and membership of international standards”, added a declaration of the electricity supply company.
However, NEPRA expressed its concerns about audit, which, according to KE, led what the public service called “the best rated company in Pakistan”.
Questions have been raised about the independence of the audit, with KE officials recognizing the possibility of new complaints.
“There may still be additional complaints,” admitted KE officials, which has aroused new concerns from the authority.
The member of NEPRA, Rafiq Sheikh, asked if customers had been double accounting in the categorization of active consumers, inactive and diagrams, stressing that “audit transparency is the first necessary insurance in such massive radiation”.
Rehan has taken a tour of the Korangi Association of Trade and Industry (KATI) raised concerns about Karachi consumers bearing the overload of Power Holding Limited (PHL) despite the non-implication of KE in national circular debt. He warned against potential protests if equity problems remain unanswered.
The Nepra had previously invited the stakeholders for the contributions and said that it would assess the audit conclusions and make a decision in due course.
The complaint of 76 billion rupees is part of a larger RS 122 billion contributions not covered than Ke seeks to rationalize.
The NEPRA concluded the hearing indicating that KE’s complaints would undergo a detailed examination and that an official decision would be issued after a complete assessment.