ISLAMABAD – On account of tariff differential for 22 months from July 2012 to April 2014, Ministry of Water and Power has reportedly claimed an additional Rs 33.084 billion subsidy for Peshawar Electric Supply Company (Pesco).
The subsidy has been claimed by Pesco on account of tariff differential as National Electric Power Regulatory Authority (Nepra) had revised its tariff for the period through a notification in October 2014, sources said.
The power distribution firm has formally written to Water and Power Ministry to get Rs 33 billion released from Finance Division, an official said. He added that Pesco got Rs 68.314 billion tariff differential subsidy for July 2012 to April 2014. As the tariff for the period has been revised by the Nepra, the quantum of subsidy on account of tariff differential has also escalated to Rs 101.397 billion. Pesco is claiming Rs 33 billion subsidy differential for the period, he added.
The official added that Pesco has also collected Rs 24 billion Fuel Price Adjustment (FPA) from the electricity consumers of Khyber Pakhtunkhwa (KP) in 10 monthly instalments after Supreme Court suspended Peshawar High Court (PHC) judgement that declared FPA in monthly electricity bills of KP as illegal and without any lawful authority and ordered the distribution company for the FPA collection.
