KARACHI: Following the statement of Finance Minister Miftah Ismail, K Electric has released the details of payment made to the Central Power Purchasing Agency from January to June.
Finance Minister Miftah Ismail while holding a press conference in Karachi today claimed that K Electric is taking electricity from the federal government for free, K Electric has not made any payment for a year.
K Electric rejected the Finance Minister’s statement saying that during January to June 2022, payments of Rs 63 billion were made for electricity supply, the receipts and payments between K Electric and government agencies is a complicated matter.
The spokesman said: ‘By June 2022, several federal and provincial government bodies have to pay K-Electric Rs 365.6 billion in dues, the highest of which is Rs 316.4 billion in tariff differential subsidy claims. As per the agreement between the government and K Electric, the company has to pay the receivables of tariff differential subsidies within 25 days.
K Electric said that we also have to pay about Rs 344.7 billion to various entities, including payments of Rs 290.9 billion from K Electric to CPPA / NTDC.
The spokesman said that even after payments to CPPA / NTDC etc., K Electric still has about Rs 21 billion receivable from the government.
