Pakistan

Electricity consumers to pay CPEC projects’ security cost

Written by The Frontier Post

F.P. Report

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has directed the power producers to charge one percent cost of 19 power projects worth $15.56 billion under China Pakistan Economic Corridor (CPEC) for period of 20-30 years. The amount would be collected on account of security charges.

These 19 power projects would add 10000MW of electricity to national grid after completion whereas amount worth Rs315 million would be spent on security purposes.

Officials would garner overall security data after every five years and theses charges would be eliminated if a drastic change in country’s security situation is observed.

The regulator stated that 10 projects would have zero financial impact on electricity consumers while three would have financial impact of less than one paisa and six would have financial impact with one-two paisa per unit.

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