Public Hearing On KE Investment Plan Held by NEPRA

The 7-year investment plan for transmission and distribution by KE was the subject of a public hearing today by the National Electric Power Regulatory Authority (NEPRA).

Public Hearing On KE Investment Plan Held by NEPRA

The 7-year investment plan for transmission and distribution by KE was the subject of a public hearing today by the National Electric Power Regulatory Authority (NEPRA). The hearing took place in Islamabad, but many participants participated virtually as well.

The KE management provided information on the plan and projects that will be carried out during the upcoming control period, which runs from FY2024 to FY2030 and is estimated to be worth PKR 484 billion. In response to audience comments, KE leadership said the investment plan was created with a goal to balance the cost, availability, and sustainability of the power supply.

It is consistent with recent developments in the power industry, such as the establishment of a framework for competitive markets and the completion of exclusivity for power distribution companies. KE has applied for a non-exclusive licence in this regard.

Numerous participants from various industries and community leaders attended the hearing. The projects being carried out to promote growth and dependability in KE’s transmission and distribution network, the anticipated growth in demand inside the utility’s service area, and the planned technological interventions to further enhance the quality and dependability of the service were the main topics of discussion.

Participants also provided feedback on KE’s operations following privatization. Future investments for the Karachi-based electric utility were discussed, including making electricity accessible to all and encouraging domestic and international investors to make additional investments in the power sector.

Others noted that the company’s services have improved since it was privatized. Participants also recommended that to guarantee a long-term supply of power for the city, ground realities be taken into consideration when establishing future T&D losses and recovery targets.

A spokesperson for K-Electric said, in addition to thanking the NEPRA Authority and the participants for sharing their insightful opinions, “Our investment plan has been developed to meet the future needs of our growing customer base. We project that by 2030, the number of our customers will increase from the current 3.4 million to around 5 million, with an estimated 5000 MW of electricity being consumed.

This necessitates careful preparation and focused funding. K-Electric has over 113 years of experience serving the city, and it is still dedicated to giving its customers reliable and reasonably priced electricity.