Nepra concludes public hearing on KE power acquisition programme

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) concluded a public hearing on K-Electrics Power Acquisition Programme (PAP) for FY2024 to FY2030, aiming to develop a long-term capacity expansion plan for KEs service territory and meet the energy demand in a reliable and sustainable manner.

The Power Acquisition Program was submitted with the regulator in early 2023 and complements KEs Rs484 billion Investment Plan to bolster KEs transmission and distribution infrastructure, said a press release issued here Thursday.

Focused on enabling access to affordable energy for all, the PAP prioritizes a gradual integration of renewable and indigenous power sources up to 2,200MW.

This includes solar, wind and also hydel projects which will channel electricity towards Karachi under the wheeling regulations prescribed by the Nepra and government of Pakistan.

It is anticipated that with a sustained growth of 2 percent per year, Karachi s peak demand could touch 5,000MW by 2030 and will cater to the power needs of 5 million customers.

The company’s efforts are to make the share of renewable energy comprise 30 percent of its generation mix.

To actualise these power projects, KE is engaged with various stakeholders including the World Bank, Sindh Energy Department, government of Balochistan, and other large scale power sector developers.

The approval of the Power Acquisition Program is an important step in K-Electrics Multi-Year Tariff (MYT) process.

The company voluntarily filed for a non-exclusive license and submitted separate petitions for its generation, transmission, and distribution businesses in alignment with the best practices and imminent liberalization of the power sector under the CTBCM.