Nepra examining report by panel on power sector audit

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) Saturday said it was examining a final report recently released by the Committee on Power Sector Audit, Circular Debt Resolution and Future Road Map.

It said the report had not been shared with the Nepra before despite a clear agreement with the committee convener at the outset, said the Authority in a statement.

“The Nepra has constituted a team of experts to examine the report for its detailed response and suggest suitable actions. The Nepra will take every action within its powers to ensure that the consumer interest has not been compromised by carefully looking into any misrepresentation of facts and figures by any IPP as suggested in the report,” said the statement.

The Nepra determines tariff as per the Council of Common Interest (CCI) approved government policy and after carrying out quasi-judicial proceedings in an open and transparent manner. Public hearings are held and participated by all the stakeholders including the government/power sector representatives, industry experts, members of the civil society, media and legal experts.

Every single word during the public hearing is recorded and verbatim transcript is maintained for any future reference.

The Authority functions in the most professional manner, and maintains the highest level of integrity and professional competence duly acknowledged by local and international agencies.

Earlier in February 2019, on reports of earning excessive profit by certain RFO-based plants, the Nepra issued notices to five plants — Nishat Power Limited, Nishat Chunian Power Limited, Atlas Power Limited, Attock Gen Limited, and Liberty Power Tech Limited. However, further proceedings were held up due to a restraining order issued by Islamabad High Court (IHC).