Nepra to be asked to include Rs20bn in tariff

ISLAMABAD: The federal government is to direct National Electric Power Regulatory Authority (Nepra) to include Rs 20 billion in tariff to be arranged from banks under the names of Discos, well informed sources told Business Recorder.

Giving the details, sources said Government of Pakistan and Government of China entered into China Pakistan Economic Corridor (CPEC) agreement for the development of power projects under CPEC arrangement. Pursuant to Article 5 of the agreement, CPPA-G is required to establish within 30 days of Commercial Operation Date (COD) of each IPP under CPEC, a revolving account with a commercial bank to cover the shortfall in power bills recoveries.

Published in Business Recorder, 6th August, 2018