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Karachi, K-Electric Limited has disclosed significant regulatory compliance and updates. The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric Limited’s Power Acquisition Programme (PAP) for the fiscal years 2024 to 2028. This approval follows the company’s application to NEPRA on March 20, 2023, under the NEPRA Act and regulations. According to information available from the Pakistan Stock Exchange (PSX).
K-Electric aimed to establish a long-term capacity expansion plan through its PAP to meet future energy demands efficiently and sustainably in its service areas. The plan is essential for K-Electric as the Supplier of Last Resort (SoLR), ensuring a stable and cost-effective energy supply for the foreseeable future.
The announcement was made through a formal disclosure in compliance with Section 96 and Section 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited. The company’s registered office is located at KE House, 39/B, Sunset Boulevard, Phase II, Defence Housing Authority, Karachi.