ISLAMABAD - The National Electric Power Regulatory Authority (Nepra) has imposed a fine of Rs20 million on Pesco and CPPAG for not executing Power Purchase Agreement (PPA) for the purchase of electricity from Pehur Hydropower projects with Khyber Pakhtunkhwa. In its decision, the authority concluded that the Pesco failed to execute the PPA for the last seven years and has purchased power on rates not approved by Nepra . Keeping in view the aforementioned violations committed by Pesco and the gravity of such violations, the authority declares Pesco as delinquent under rule 4(13) of the Nepra (Fines) Rules, 2002 and has decided to impose a fine of Rs10 million on Pesco under Nepra (Fines) Rules, 2002. Therefore, the authority declares CPPAG as delinquent under rule 4(13) of the Nepra (Fines) Rules, 2002 and impose a penalty of Rs10 million on CPPAG . Nepra in its tariff determination has fixed Rs4.8 per unit for Pehur Hydropower project.

Source: The Nation November 29, 2017 01:52 UTC