Nepra to raise power tariff again to meet IMF conditions

By: News Desk      Published: 11:35 AM, 30 Mar, 2021
Nepra to raise power tariff again to meet IMF conditions

National Electric Power Regulatory Authority (Nepra) has decided to increase the electricity tariff once again on the terms and conditions set by International Monetary Fund (IMF), reported 24NewsHD TV channel on Tuesday.

There will be Rs91.36 billion burden on power consumers while the petitions of power distribution companies will be heard in NEPRA today.

Sources claimed that Rs44.70 billion has been sought for the first quarter adjustment and Rs46.65 billion has been sought in terms of second-quarter adjustment.

The IMF stressed that losses of electricity theft should be recovered from bill-paying consumers. These additional payments received from the power consumers are in terms of operations and maintenance and electricity losses. 

The TV channel reported that the incumbent government has not yet appointed administration and professionals boards of the public-sector power companies.  

The sources said the accounts system of many power companies are still manual which has become a major source of corruption.

It may be recalled that the IMF had approved $500 million loan disbursement for Pakistan to help the country's economy and save lives and livelihoods amid the COVID-19 pandemic.

Reportedly, two major opposition parties already lashed out at the government over its plan to meet conditions set by the IMF.

Reporter Awais Kiyani