News

Electricity tariff likely to be raised

LAHORE: Managing Director, Pakistan Electric Power Company (PEPCO), Munawar Baseer Saturday disclosed that the WAPDA’s deficit had exceeded over Rs120 billion and that the tariff will have to be raised in case the government gives no subsidy or grant. In an exclusive talk with Geo News here, he said he has inherited WAPDA’s deficit and load shedding, calling these a result of the previous MD’s flawed policies and lack of leadership. “Now the situation has aggravated to the point when a deficit of Rs10 billion has to be faced every month,” Munawar Baseer pointed out. He said the power tariff will not be raised if arrears of various organizations totaling Rs212 billion are received. “WAPDA will be left with no other option than to increase tariff,” he added. He informed that the decision has been made to shut down the shops from 8:00 PM which, he said, will help do away the night’s load shedding. Karachi is being supplied 500 MW electricity by undertaking more load shedding in Punjab, MD Pepco claimed.

Courtesy Geo

 

Back to Top