Petition by KESC before NEPRA for increase in tariff be rejected: SITE.KARACHI, September 05, 2009 (Balochistan Times): The petition that has been filed by Karachi Electricity Supply Company (KESC KESC Karachi Electric Supply Corporation ) before NEPRA NEPRA National Electric Power Regulatory Authority (Pakistan)NEPRA Northeastern Pennsylvania Rocketry Association NEPRA New England Park Ranger Association for increase in tariff be rejected summarily. This stance has been adopted by the SITE Association of Industry here on Saturday. In a statement, the SITE Association pointed out that the KESC has filed a petition for increase in the Consumer-End Tariff and has sought increase in the deposit rates and change in the terms of tariff. It said that the SITE Association of Industry has preferred to become intervener in the matter which will be heard in Karachi on September 7 by NEPRA. The propose issues to be discussed in the said meeting includes whether the tariff petition of KESC has been competently filed. The statement maintained that the Association considers that the petition has not been filed with the legal clearance by the situation surrounding the privatisation Noun 1. privatisation - changing something from state to private ownership or control denationalisation, denationalization, privatization social control - control exerted (actively or passively) by group action . The Association feels that the basic question regarding maintainability and admissibility of the very petition has not been framed which is the basic question involved in the matter. It is a matter of record that the KESC was privatised through an agreement signed and executed by three parties namely; (i) Privatisation Commission (PC); (ii) Ministry of Water and Power (MW & P) and (iii) KESC, which contains the mandatory terms and conditions of such privatisation. The said agreement appears to have been supported by an Implementation Agreement (IA) as well. It is also a matter of record that a multi-year tariff was determined for KESC in case No. NEPRA/TRF-14/KESC-2002 on the basis of which KESC was privatised. It was further pointed out that since the multi-year tariff has already been determined with the consent and concurrence CONCURRENCE, French law. The equality of rights, or privilege which several persons-have over the same thing; as, for example, the right which two judgment creditors, Whose judgments were rendered at the same time, have to be paid out of the proceeds of real estate bound by them. Dict. de Jur. h.t. of three parties named above and as such the increase / change therein cannot be claimed by KESC subsequently. Without prejudice Without any loss or waiver of rights or privileges. When a lawsuit is dismissed, the court may enter a judgment against the plaintiff with or without prejudice. When a lawsuit is dismissed without prejudice it is to point out here that the identical petition filed earlier by KESC was declined by NEPRA on the ground that the same did not contain the concurrence of Privatisation Commission and Ministry of Water &Power. The revised petition now filed by KESC, which has been admitted, does not show that the required concurrence has been obtained by KESC from Privatisation Commission as well. Under the circumstances neither the petition filed by KESC is maintainable in law nor it has such merits for admission and the admission order appears to have been made by NEPRA in haste Adv. 1. in haste - in a hurried or hasty manner; "the way they buried him so hurriedly was disgraceful"; "hastily, he scanned the headlines"; "sold in haste and at a sacrifice" hastily, hurriedly whereas it was not liable to be admitted for want of aforesaid Before, already said, referred to, or recited. This term is used frequently in deeds, leases, and contracts of sale of real property to refer to the property without describing it in detail each time it is mentioned; for example,"the aforesaid premises. legal requirements, it was further argued. (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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