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ECC approves hike in power tariff for K-Electric consumers

ECC approves hike in power tariff for K-Electric consumers

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet here at the Cabinet Division.

In order to meet the financial challenges faced by Roosevelt Hotel, New York, ECC approved the amount up to $142 million for PIA-IL on the recommendation of the Committee constituted in an earlier meeting of the ECC, headed by Deputy Chairman Planning Commission and including Secretaries of Finance Division, Aviation Division and Law and Justice Division.

ECC also approved the summary moved by the Power Division for the rationalization of eleven quarterly adjustments of K-Electric Limited from July 2016 to March 2019. The quarterly adjustments of K-Electric for period from July 2016 to March 2019 will be notified with effect from 1st September 2020 to bring the tariff K-Electric at par with what is currently in filed for consumers of (X-WAPDA)DISCOS.