AGL 41.65 Increased By ▲ 0.15 (0.36%)
AIRLINK 127.40 Decreased By ▼ -0.60 (-0.47%)
BOP 6.65 Increased By ▲ 0.39 (6.23%)
CNERGY 4.15 Increased By ▲ 0.02 (0.48%)
DCL 8.56 Increased By ▲ 0.12 (1.42%)
DFML 40.85 Increased By ▲ 0.16 (0.39%)
DGKC 87.50 Decreased By ▼ -0.40 (-0.46%)
FCCL 33.85 Decreased By ▼ -0.25 (-0.73%)
FFBL 65.70 Decreased By ▼ -0.63 (-0.95%)
FFL 10.50 Decreased By ▼ -0.06 (-0.57%)
HUBC 109.50 Increased By ▲ 0.80 (0.74%)
HUMNL 14.89 Increased By ▲ 0.43 (2.97%)
KEL 4.86 Increased By ▲ 0.21 (4.52%)
KOSM 7.65 Increased By ▲ 0.32 (4.37%)
MLCF 42.45 Decreased By ▼ -0.27 (-0.63%)
NBP 61.10 Increased By ▲ 0.26 (0.43%)
OGDC 182.77 Increased By ▲ 3.80 (2.12%)
PAEL 25.50 Decreased By ▼ -0.20 (-0.78%)
PIBTL 6.23 Increased By ▲ 0.17 (2.81%)
PPL 148.50 Increased By ▲ 2.35 (1.61%)
PRL 24.98 Increased By ▲ 0.07 (0.28%)
PTC 16.25 Increased By ▲ 0.11 (0.68%)
SEARL 69.65 Decreased By ▼ -0.55 (-0.78%)
TELE 7.35 Increased By ▲ 0.13 (1.8%)
TOMCL 36.45 Increased By ▲ 0.25 (0.69%)
TPLP 7.84 No Change ▼ 0.00 (0%)
TREET 15.48 Decreased By ▼ -0.11 (-0.71%)
TRG 52.40 Increased By ▲ 2.04 (4.05%)
UNITY 26.94 Increased By ▲ 0.04 (0.15%)
WTL 1.25 Increased By ▲ 0.01 (0.81%)
BR100 9,850 Increased By 55.8 (0.57%)
BR30 30,039 Increased By 391.9 (1.32%)
KSE100 92,448 Increased By 426.8 (0.46%)
KSE30 28,779 Increased By 114.3 (0.4%)

KARACHI: As the power-hit consumers of K-Electric are protesting in various city neighborhoods for the last few days, the leadership of KE including its CEO Moonis Abdullah Alvi met Sindh Minister of Energy, Imtiaz Ahmed Shaikh and other representatives of political parties on Wednesday.

The KE senior officials apprised them of the challenges being faced by the utility including the delay in the release of Tariff Differential Subsidies (TDS) claims and the rising cost of fuels for power production.

K-Electric claimed that it has made another payment of PKR 500 million to SSGC on 29 June 2022, bringing the total payout to over PKR 6 billion during the month.

Commenting on this, KE spokesperson said: “Despite ongoing financial challenges, KE continues to make payments to its fuel suppliers. We have made another payment of PKR 500 million to the SSGC on Wednesday, June 29, 2022.”

Commenting upon the development, the KE spokesperson added that “KE continues to face severe cash flow constraints amid the rising cost of fuel and delays in the release of TDS from the federal government which was also highlighted in the meetings with the provincial minister of energy and the representatives of political parties.

The minister and political parties’ representatives were also apprised of the rising demand and supply gap owing to the surge in temperature as well as because of the shortage of imported fuel for power production.

They were further briefed: “Due to the non-supply of indigenous gas, two power plants in the KE fleet capable of 200 megawatts remained non-operational for past many months. As the shortfall is persisting round the clock, the utility is compelled to conduct loadshedding even during the night hours.”

Elaborating power supply situation in the city, he added: “During last 24 hours, the average power supply to Karachi was 2,850 megawatts, including an average supply of 1,000 megawatts from the National Grid.”

Copyright Business Recorder, 2022

Comments

Comments are closed.

Waseem Jun 30, 2022 05:15pm
great
thumb_up Recommended (0)