KARACHI: K-Electric issued a press statement where the power company strongly condemned allegations put forward by NEPRA, stating that the regulatory body shared the show-cause notice with the media while KE has not received any show-cause notice from NEPRA as yet.
Similarly, some time back it was through the media only that KE found out that NEPRA has sent out a preliminary report which had a stance against K-Electric, but KE never received this report.
KE spokesperson said “‘It seems quite evident that some individuals at NEPRA are against KE, as their progression and productivity has been exemplary in comparison to other DISCO’s.”
The statement further said that the power utility has always been truthful to NEPRA. Prior to the Fact-Finding Report, NEPRA Management visited KE head office where its performance was appreciated by NEPRA.
The newly visible negative stance taken by the regulatory authority against the KE Management seems to be the work of some opposing officials.
Assurance was given by the NEPRA team that prior to sharing any report, a meeting would be scheduled with K-Electric in order to gain a more accurate version for the report, which unfortunately did not happen.
KE’s spokesperson further added ‘Whenever NEPRA officials paid their official visits at the K-Electric offices, they were articulate in expressing their satisfaction with the performance of the entity. However the pressure of some unknown influence has forced NEPRA to go against their own word.’
K-Electric’s press statement further reiterated, that if and when the power utility receives a showcause notice from NEPRA then it will provide a response detailing its version.
K-lectricE promised to fully cooperate with the regulatory body in the future as well.
“Such baseless allegations by NEPRA reflects a negative effect on the nation’s economy impacting foreign investments which the nation needs the most at this crucial time,” the statement said.