The National Electric Power Regulatory Authority (Nepra) Friday granted K-Electric (KE) a 20-year extension for supplying power to the metropolis and other cities.
This non-exclusive license renewal follows KE's request for a non-exclusive license ahead of the liberalisation of the power sector.
KE's previous 20-year license reached its term in July 2023.
Subsequently, NEPRA provided KE with an interim distribution license for six months, which was nearing its expiration in January 2024.
The decision for renewal followed a comprehensive hearing that concluded on November 28, 2023. Post-hearing, Nepra has now authorised K-Electric to continue its power supply operations in Karachi, Uthal, Bela, Vinder, Hub, Dhabeji, and Gharo.
High-speed diesel hiked from Rs277.45 per litre to Rs283.63, says Finance Division
Market gains more than 1,300 points during intraday trade
Criticising political leadership for defaulting on critical reforms, Arif Habib says this failure perpetuated...
PM Shehbaz says prime responsibility is to work tirelessly for making new IMF deal last one in country’s history
Minister says Pakistan needs to ensure structural reforms and bring self-sustainability
Islamabad aims to reduce its fiscal deficit by 1.5% to 5.9% in the coming year, heeding another key IMF demand