Banks, businessmen urge NEPRA to increase K-Electric’s tariff

Leading banks have told the National Electric Power Regulatory Authority (Nepra) that the tariff determined for K-Electric will undermine the company’s ability to raise financing for ongoing and future projects.

At a public hearing held by the power sector regulator on Tuesday, representatives of leading banks such as Habib Bank Limited and United Bank Limited suggested that K-Electric should be offered tariff for a longer period, which would provide the company with an opportunity to raise financing for long-term replacement and expansion plans.

Published in The Express Tribune, 6th December, 2017