Nepra to hear petition of power producers

LAHORE: The National Electric Power Regulatory Authority (Nepra) has agreed to hear petition of two power producers next week for tariff revision and activation of plants, sources said on Thursday.
Notification in this regard has been issued by the power regulator in which all the stakeholders have been asked to submit their objections, if any, within the stipulated period regarding the revision of tariff and resumption of power production by the Japan Power Generation Ltd and Southern Electric Power Company Ltd, the sources said.
As per the stance of owners of both the power plants, Nepra had already accepted the point of view of two other power houses, including Reshma Power and Gulf Power and allowed electricity generation agreement with the power purchasers and other entities. Therefore, on the same pattern, the management of the Japan Power and Southern Electric submitted applications, showing their readiness for initiating plant operation.
The sources said a legal team of Nepra has accepted the application and issued notification in this regard.
Both the plants are ready to start operations after striking their revised agreements, officials said. They welcomed the decision of Nepra for accepting the hearing applications.
Amjad Awan, CEO of Japan Power with 110MW capacity said these plants can effectively contribute in meeting the power demands of Lahore and nearby cities.
Tahir Sattar of Southern Electric Power Company Ltd with 118MW capacity said his company has paid the fees of the Securities and Exchange Commission of Pakistan and now there is no outstanding amount against his power plant.