Power firms seek tariff hike to adjust PKR 202Bn

The Central Power Purchasing Agency (CPPA) demanded an additional revenue adjustment of PKR 202 Bn, involving about PKR 2.50 per unit increase in uniform electricity tariff for all distribution companies during FY19. After a public hearing, Nepra reserved its judgment and indicated that it would like to settle the matter very soon so as to provide a clear financial picture of the power sector and also an opportunity to the government to decide how it wants to extended subsidy with allocation in the upcoming federal budget.