ISLAMABAD: Electricity prices are likely to drop in Pakistan after a request filed to decrease the power rates by Rs 1.69 per unit under July Fuel Cost Adjustment (FCA).
The Central Power Purchasing Agency (CPPA) has filed the plea to the National Electric Power Regulatory Authority (NEPRA), scheduled to hold hearing on 28th August.
According to the petition, in July, a total of 14.123 billion units of electricity were generated. Of this, 13.666 billion units were supplied to distribution companies.
The cost of electricity generation stood at Rs 8.18 per unit.
NEPRA will decide on the tariff reduction after reviewing the request during the hearing.
In a separate development, earlier the scrap material, also known as ‘Kabaar’, of inoperative state-owned power plants was sold for Rs 46.73 billion.
According to a Power Division announcement, a reserve price of Rs 45.817 billion was set for the sale of debris of 61 units.
According to the details, the reserve price was set by State Bank experts.
The government thermal plants include Jamshoro Block One-Two, Guddu-Two, and Sukkur plants.
Furthermore, government thermal power plants include Quetta, Muzaffargarh Block One and Block Two, Faisalabad are also included.
According to the announcement, employees of government thermal power plants have been posted in electricity distribution companies (DISCOs).
Billions of rupees were being spent annually on the debris of inoperative government power plants.
According to the announcement, the benefit of the sale of the debris of inoperative government power plants is also being reflected in the bills of electricity consumers, the capacity charges of all these government plants were included in the electricity bills.
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