650MW supplied to KE: Power Division fails to secure CCoE decision
ISLAMABAD: The Power Division has reportedly failed to get a favourable decision from the Cabinet Committee on Energy (CCoE) with respect to the future of the 650 MW electricity supplied to Karachi Electric since 25 January, 2015 due to poorly drafted summary, well-informed sources told Business Recorder.
According to sources, National Transmission and Despatch Company Limited (NTDCL) and Karachi Electric signed a Power Purchase Agreement (PPA) in 2010 under which 650 MW of power was agreed to be supplied to Karachi Electric from the national grid.
“The PPA expired on January 15, 2015, however, NTDCL even after expiry of PPA, has been supplying 650 MW of electricity to Karachi Electric in compliance with the policy decision of the government to ensure continuous supply of electricity to Karachi,” the sources added.
Published in Business Recorder, 3rd June, 2018