Mismanagement increases Neelum Jhelum project cost: Wapda seeks tariff increase of Rs13.24/unit
ISLAMABAD: Water and Power Development Authority (Wapda) has sought a tariff increase of Rs 13.24 per unit for 969 MW Neelum Jhelum Hydroelectric Project, whose cost has been increased from less than Rs 100 billion to over Rs 500 billion due to mismanagement.
The tariff petition filed by Wapda came under consideration at a public hearing in Nepra, presided over by Chairman Nepra, Brig Tariq Saddozai( retired).
Central Power Purchasing Agency-Guaranteed (CPPA-G), however, termed Wapda’s tariff request on the higher side.
“Purchase of hydropower at Rs 13.24 per unit, will result in increase of overall consumer end tariff,” said, Director General (Finance) CPPA-G; he argued that Wapad’s requested tariff is higher than thermal tariff.
Published in Business Recorder, 12th July, 2018