• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home Pakistan Govt.

Rs11.3 Per Unit Tariff Approved for Nandipur Project

ToP by ToP
April 16, 2015
in Govt.
0
Nepra Approves

China to Fund 4,000 MW Power Transmission Line in Pakistan

0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The National Electric Power Regulatory Authority (Nepra) approved on Wednesday an average tariff, for 30 years, of Rs11.3 per unit for the 425MW Nandipur Power Project, expected to become operational by the end of next month. 

[contentblock id=1 img=adsense.png]

In doing so, the regulator put on record that during the tenure of the previous federal government, the law and justice ministry was responsible for delaying the project for about four years during which period the project cost increased by about 160 per cent — from $329 million to $847m.

Nepra Approves

In the process, the ministry caused a loss of over Rs113 billion to the nation until three years ago. “The Ministry of Law, Justice and Parliamentary Affairs is responsible for causing a delay in completion of the documents. (Due to) the negligence on the part of executive authorities of the Ministry of Law, which has caused the delay, an approximate loss of more than Rs113bn has been caused to the National Exchequer up to April 2012,” the regulator said, quoting a report of judicial commission headed by a former judge of the Supreme Court, Rehmat Hussain Jafferi. In its ruling, the Nepra also rejected an increase in project cost of Rs24bn, including Rs82m spent on the prime minister’s media campaign, saying the consumers did not cause any delay in project implementation and should not be penalised for follies of the government agencies. The Nepra, however, kept open the option of including some expenses in the tariff at the time of commercial operation due next month, subject to documentary evidence.

[contentblock id=2 img=gcb.png]

On provisional basis, the regulator adopted the overall project cost of Rs45bn instead of Rs69.5bn as sought by the Northern Power Generation Company (NPGC). It held that cost overruns due to delays, the money spent on the prime minister’s media campaign and cost of the transmission line could not be transferred to consumers under the law which required recovery of only prudent costs from people. The regulator also rejected the cost of a gas pipeline and gas-based power tariff for the project, saying that supply of gas to the project was a distant dream. The NPGC had sought a Rs18.17 per unit tariff for furnace oil-, Rs8.44 per unit for gas- and Rs28 per unit for high speed diesel-based power generation. However, sources in the power ministry said the approved cost did not meet the commercial requirements of the project. They said the NPGC would be asked to submit a review petition to the regulator.

Tags: latest newsNandipur Projectpakistan newspakistan times
Previous Post

Pakistan Welcomes UNSC Resolution on Yemen

Next Post

India’s Sikhs Celebrate Baisakhi Festival

ToP

ToP

Related Posts

shaza fatima khawaja
Pakistan

Govt’s VPN Claim for Internet Disruptions Faces Widespread Criticism

by Jameel Ahmad
August 19, 2024
Petrol Prices
Pakistan

Government Raises Petrol Prices by a Whopping Rs19.95

by Jameel Ahmad
August 1, 2023
Political dialogue essential to address pervading crises, reduce confrontation: President
Pakistan

Political dialogue essential to address pervading crises, reduce confrontation: President

by Jameel Ahmad
September 9, 2022
PM tell cabinet to roll up sleeves to overcome array of challenges
Pakistan

PM tell cabinet to roll up sleeves to overcome array of challenges

by Jameel Ahmad
April 21, 2022
PM stresses enhanced Pak-UK trade, investment ties
Pakistan

PM stresses enhanced Pak-UK trade, investment ties

by Jameel Ahmad
April 21, 2022
Govt reduces flour price to Rs400 per 10kg, sugar to Rs70 per kg for Ramazan
Pakistan

Govt reduces flour price to Rs400 per 10kg, sugar to Rs70 per kg for Ramazan

by Jameel Ahmad
April 20, 2022
Shehbaz Sharif given guard of honuor at PM House
Pakistan

Shehbaz Sharif given guard of honuor at PM House

by Jameel Ahmad
April 12, 2022
Next Post
Sikh pilgrims gather

India's Sikhs Celebrate Baisakhi Festival

Popular Stories

  • Pakistan, India may allow bank branches

    Pakistan, India May Allow Bank Branches

    0 shares
    Share 0 Tweet 0
  • Islamic banks advised to distribute their profit on Islamic principles

    0 shares
    Share 0 Tweet 0
  • Welcome to Ghas Mandi: Asia’s largest gambling den

    0 shares
    Share 0 Tweet 0
  • Bodybuilding Champion Found Happiness in God, not Competition

    0 shares
    Share 0 Tweet 0
  • New Poverty Line Makes A Third Of Pakistanis Poor

    0 shares
    Share 0 Tweet 0
Time of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
  • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
  • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In