Karachi, 21 October 2025: The National Electric Power Regulatory Authority (NEPRA) has issued its decision on the motions for leave for review filed by various parties concerning K-Electric’s Multi-Year Tariff (MYT) determinations for the control period of FY’24 – FY’30.
The decision covers several key areas, including the MYT determination for KE’s Generation Power Plants, the MYT determination for KE’s Transmission, Distribution (network), and Supply businesses for FY 2024 to FY 2030, the Transmission and Distribution Investment Plan and Losses Assessment for FY 2024 to FY 2030, and the Write-off claims of KE for MYT 2017–2023.
With respect to the write-off claims, NEPRA has upheld its earlier decision. However, for the other matters, NEPRA has significantly altered its prior determinations in a manner that, according to KE, is not sustainable for the company and will have far-reaching consequences for its stakeholders, including consumers.
As a result of these changes, the average tariff previously announced by NEPRA at PKR 39.97/KWh on May 27, 2025, has now been reduced to PKR 32.37/KWh.
KE is currently reviewing NEPRA’s decisions in detail and will exercise all available remedies as permitted under the applicable laws and regulatory framework.
About K-Electric:
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005, KE is the only vertically integrated power utility in Pakistan supplying electricity to Karachi and its adjoining areas. The majority shares (66.4%) of the Company are owned by KES Power, a consortium of investors including Al-Jomaih Power Limited of Saudi Arabia, National Industries Group (Holding) of Kuwait, and KE Holdings (Formerly: Infrastructure and Growth Capital Fund or IGCF). The Government of Pakistan is also a shareholder (24.36%) in the Company while the remaining are listed as free float shares.
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