In a multi-year tariff petition, K-Electric has requested National Electric Power Regulatory Authority (NEPRA) to raise the base electricity tariff in Karachi by Rs 10 from Rs 33 to Rs 44.
This request is part of K-Electric’s comprehensive investment plan, which includes establishing fourteen new grid stations and laying 550 kilometers of transmission lines in Karachi over the next seven years.
An online public hearing on K-Electric’s application was conducted by Nepra on Thursday.
K-Electric has outlined a $2 billion investment strategy for improving the city’s electricity transmission, distribution, and supply system. The company aims to enhance the infrastructure to meet the growing electricity demands.
During the hearing, K-Electric’s Director of Communication, Imran Rana, assured that the increase in the base tariff would not impact Karachi's electricity consumers due to the uniform electricity rate policy implemented across the country.
Stakeholders voiced their opposition to the multi-year tariff during the Nepra hearing. K-Electric emphasized that a flexible approach has been adopted for the multi-year tariff, which, if reviewed annually, would enhance its effectiveness.
The approval of this tariff is crucial for maintaining a stable electricity supply and demand balance in the city.
According to a spokesperson for K-Electric, the seven-year investment plan involves the installation of 14 new grids, 550 km of transmission lines, and aerial bundle cables on 1700 PMTs.
These upgrades are aimed at meeting the future electricity demands of Karachi and ensuring a reliable supply for its residents.
