K-Electric subsidy causing Rs54.026 billion loss to national exchequer, Senate body told.

ISLAMABAD -- Senator Nauman Wazir Khattak Monday told the Senate Standing Committee on Power that K-Electric was provided subsidized electricity that caused a total loss of Rs54.026 billion to the national exchequer in 6 months.

He presented a brief presentation to the committee on the difference of electricity tariffs set by the government and the one followed by K-Electric that was increasing the pressure on circular debt.

Khattak alleged that the K-Electric was not imposing the government's tariff where Sindh was provided Rs5.75 per unit cheaper tariff than other parts of the country.

'K-Electric is being provided 650MW electricity on reduced tariffs and therefore, it was not running its own plant to generate energy,' he added.

Khattak reportedly said that the National Electric Power Regulatory Authority (NEPRA) and all the power distribution companies (DISCOS) were silent over the matter.

The chairman committee Senator Fida Hussain inquired about the mechanism of the division (Ministry of Energy) to regulate and check the tariff's implementation by the private power producing companies.

Additional secretary Power Division told the committee that K-Electric was a private entity and did not fall under the administrative control of the ministry, however...