AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

KARACHI: K-Electric is carrying out prolonged loadshedding in the sizzling summer despite receiving additional power of 150MW electricity to a total 800 MW from the national grid.

As per the agreement, KE has to receive 650 MW electricity from National Transmission and Dispatch Company (NTDC) however, considering the power demand of the metropolis; additional 150MW electricity is being provided to KE.

Unfortunately, KE has miserably failed to ensure uninterrupted power supply to its consumers.

These views were expressed by Dr. Yasir Siddiqui, Member, PSP Central National Council while fighting the case of Karachi at an open forum (khuli katcheries) which was arranged by Nepra on a social networking site.

K-Electric's incumbent management is trying to sell the company to buyers at an exorbitant price at the expense of Karachi residents, which is why it did not purchase furnace oil to show a reduced administrative cost so as to improve K-Electric's balance sheet and to get maximum profit from the sale of the company.

The only solution to heal the suffering of the people is to issue power transmission licenses to several companies so that the people have alternatives when they do not have better facilities and end the monopoly of one company which deprives the consumers of their rights.

Instead of increasing power generation, K Electric is deliberately trying to get cheaper electricity from the national grid in order to maximize its profits.

There is more than enough electricity in the country at the moment. The problem is only with the transmission system which Nepra should take strict notice of.

Nepra should immediately resolve this issue and force KE to pass on the money to the people of Karachi.

He said the high-ups of KE should be held accountable regarding this power crisis. Also, the prevention of power theft is the responsibility of the power company itself, instead of calling the people power thieves.

He said KE should not blame people for its poor performance and incompetence. It's the responsibility of the power company to stop power theft.

Copyright Business Recorder, 2020

Comments

Comments are closed.