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) before NEPRA 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. 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 of three parties named above and as such the increase / change therein cannot be claimed by KESC subsequently. 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 whereas it was not liable to be admitted for want of aforesaid legal requirements, it was further argued.
(THROUGH ASIA PULSE)
(THROUGH ASIA PULSE)
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|Publication:||Balochistan Times (Baluchistan Province, Pakistan)|
|Date:||Sep 5, 2009|
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