K-Electric sees light at the end of the tunnel tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Federal Minister for Finance and Revenue Shaukat Tarin on Tuesday said the government was ready to extend all possible support to the K-Electric. DawnNewsTV/File
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Tuesday said the government was ready to extend all possible support to the K-Electric (KE) for overcoming constraints and making it dynamic and sustainable in the long-run.
A KE delegation led by its Chairman Shan A. Ashary, Board of Director member Khaqan Khan and CEO Syed Moonis Abdullah Alvi called on the finance minister.
The KE chairman briefed Mr Tarin about the utility’s operations and the challenges faced by it.
Shaukat Tarin extends govt s support to K-Electric dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.
Govt assures K-Electric of support
The chairman briefed the finance minister about operations of K-Electric as the main power utility
Says it will create competition, end monopoly enjoyed by K-Electric. PHOTO: REUTERS
ISLAMABAD:
K-Electric Chairman Shan Ashary, along with board of directors member Khaqan Khan and CEO Syed Moonis Abdullah Alvi, called on Federal Minister for Finance and Revenue Shaukat Tarin on Tuesday. The chairman briefed the finance minister about operations of K-Electric as the main power utility, which met the electricity requirement of Karachi. He apprised the minister of the challenges being faced by K-Electric during the meeting. The finance minister stated that the government was ready to extend all possible support to K-Electric for overcoming constraints and making it dynamic and sustainable in the long run.
End-consumers will pay some of additional cost; govt will bear the rest
KARACHI:
K-Electric has said that enhanced use of re-gasified liquefied natural gas (RLNG) to meet growing demand for power from the city of ports during the summer season will cost an additional Rs18 billion during March-September and consumers will partially share the cost.
Besides, the company has decided to provide maximum possible relief to its consumers during Ramazan, but it would strictly follow its policy of intentional load-shedding of up to seven hours a day in 25% areas in the city, said K-Electric CEO Syed Moonis Abdullah Alvi.
The company resorts to intentional load-shedding in some areas due to low recovery of monthly billing from those parts, it has been learnt.