NEPRA has granted a six-month extension to K-Electric’s license

The National Electricity Power Regulatory Authority (NEPRA) has granted a six-month extension to K-Electric’s license, which had expired on Thursday after a 20-year period. In April, an application was filed for the renewal of K-Electric’s electrical license, initially renewed for three months. NEPRA has now confirmed the license renewal for six months, during which a hearing will be conducted to decide on further renewal. NEPRA has also sought suggestions from partners on the matter.

In February, KE CEO Syed Moonis Abdullah Alvi had expressed the company’s interest in operating in a competitive environment with other power sector players after its current distribution exclusivity ended in June. The unbundling of power distribution in Karachi aims to end KE’s monopoly and attract other investors to the market. The company plans to have 900 megawatts of electricity available before the summer of 2023 through significant investment.

Leave a Reply

Your email address will not be published.