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K-Electric comes under fire on Rs76bn write-offs

17 1
19.04.2025

ISLAMABAD: Industrial and political representatives from Karachi have called for forensic audit of almost Rs76 billion write-off claims made by K-Electric unrecoverable from consumers since 2017 and announced that its recovery through tariff from consumers would be resisted through all constitutional means.

At a public hearing organised by the National Electric Power Regulatory Authority (Nepra) on Thursday, a case officer reported that KE had submitted Rs68bn writeoff claims in December on account of recovery loss under multi-year tariff (MYT) period of 2017-23, but later increased it to Rs122.8bn on Jan 16.

Another Rs8.13bn was claimed on March 18, and some of these claims were part of the original Rs68bn approved by the KE’s board of directors and its auditors A. F. Ferguson.

The total write-off claim of Rs76.032bn was, thus, debated at length during the hearing where KE had got support from a few commentators from Islamabad and Lahore, who attracted criticism from Karachi-based consumers.

A consumer from Machar Colony........

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