During the hearing at National Electric Power Regulatory Authority (Nepra), a federal government official told that the government had been paying commitment charges to the Asian Development Bank though the loan had not been utilized due to the delay in determination the generation tariff and arranging equity funds.
In a public hearing on Tuesday, an official of the Planning Commission told that Rs 9 billion have been released as equity financing for the Jamshoro Power plant.
ADB had committed funds for the Jamshoro Coal-based power plant but equity could not be arranged. Jamshoro Power Company Limited sought a tariff of Rs 32 per unit.
The Nepra told that they were working to protect the interests of consumers therefore such a high tariff cannot be granted. It was pointed out that mark-up on commercial financing would also be passed on to consumers through the tariff. Nepra however asked to take some measures to correct.
The hearing was told that the main objective of the project was to enhance the electricity production capacity through the efficient and environment friendly technology resulting in improving the fuel mix, reduction in the cost of power supply and reducing the bulk tariff and circular debt.
The projects officials sought facilities for the generation, transport and distribution of electric power to meet the requirements of domestic, commercial, industrial and agriculture consumers and