ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday sounded disquiet over recent and ongoing renegotiations with certain independent power producers (IPPs) for tariff cuts and premature termination of contracts, fearing its negative impact on the investment climate.

While two Nepra members — Rafique A. Shaikh from Sindh and Amina Ahmed from Punjab — shared similar views, the business, trade and political representatives from Karachi raised questions over a 16-paisa per unit negative adjustment in fuel costs for electricity consumed in September, saying this would put their business and commercial activities at a disadvantage against the rest of the country.

At the public hearing on KE’s petition for a 16-paisa........

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