ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has constituted a team of experts to examine the report prepared by the committee for power sector audit, circular debt resolution as well as future roadmap and prepare a detailed response and suggest suitable actions thereof.
According to a statement issued by the national electricity regulator, it will take every action within its powers to ensure that consumer interest has not been compromised by carefully looking into any misrepresentation of facts and figures by any independent power producer as suggested in the report.
The report has never been shared with Nepra before despite a clear agreement at the onset with the committee’s convener.
Nepra determines tariff as per the Council of Common Interests (CCI) approved government policy and after carrying out quasi-judicial proceedings in an open and transparent manner, it said.
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“Public hearings are held in which all the stakeholders, including the government/power sector representatives, industry experts, members of civil society, media and legal experts participate,” it said. “Every single word during public hearing is recorded and verbatim transcript is maintained for any future reference.”
Nepra functions in the most professional manner, maintains the highest level of integrity and professional competence, duly acknowledged by local and international agencies.
Earlier in Feb 2019, on reports of earning excessive profit by certain RFO-based plants, Nepra proceeded with the suo moto and issued notices against five RFO-based 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 the Islamabad High Court. Meanwhile, Nepra is pursuing the case vigorously and it is likely to be decided shortly. It is further emphasised that consumer interest is prime for Nepra and “we assure to do everything within our powers to safeguard it”.