KE’s investment plan linked with performance

While concluding a public hearing on K-Electric’s Rs484 billion investment plan for the next seven years, the National Electric Power Regulatory Authority (Nepra) on Wednesday said it would review the performance outcome of its previous similar plan of Rs200bn before allowing it over the next two months. During the hearing presided over by Nepra chairman Tauseef H. Farooqui, some interveners also raised questions over the investment plan saying KE’s past performance was the key reason behind no progress on the privatisation of the country’s other distribution companies (Discos). The KE’s future investment plan beginning July 2023 would stretch until June 2030. Responding to a question about the previous seven-year investment plan, KE’s management team led by Moonis Alvi reported that the private utility had invested about Rs225bn against Rs200bn approved by the regulator. Member Balochistan Mathar Rana asked the utility to provide full details as the regulator would examine its implementation and outcomes before clearing the new plan.