Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Nepra fines National Grid Company Rs10 million over delay in Integrated System Plan data

byCT Report
07/02/2026
in Breaking News, Business, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The National Electric Power Regulatory Authority has imposed a penalty of Rs10 million on the National Grid Company (NGC), formerly the National Transmission and Despatch Company, for failing to submit required data for the Integrated System Plan (ISP) 2024–34 despite repeated regulatory directions over the past year.

In a detailed order on Friday, the regulator said NGC had not met its regulatory obligations and failed to provide a satisfactory response to a show-cause notice. Nepra concluded that the company’s conduct warranted enforcement action following completion of legal proceedings.

You might also like

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

21/07/2026

Pakistan banks expected to report lower Q2 2026 profits

21/07/2026

The authority noted that the issue emerged during public hearings and consultations held in August 2024 on the 10-year generation and transmission expansion framework. Nepra had raised concerns over the base case of the Indicative Generation Capacity Expansion Plan (IGCEP 2024), which assumed a system load factor of 60%, and directed NGC to revise the plan by increasing the load factor to 70%. The required addendum was not submitted despite multiple reminders.

Nepra initiated formal legal proceedings against NGC in December 2024 after continued non-compliance. In its defence, the company stated that the proposed revisions were under review by various forums, including the Power Division, the Special Investment Facilitation Council, and the Prime Minister’s Office. NGC also cited revisions to project costs and load forecasts as contributing factors to the delay.

The regulator rejected these explanations, stating that NGC neither communicated the issues in a timely manner nor responded adequately to regulatory queries. Nepra said the submission timeline had been clearly defined in official correspondence and planning documents, contradicting NGC’s claim that o deadline was specified.

Although NGC representatives acknowledged responsibility for the delays and denied any intent to disregard regulatory instructions, Nepra ruled that the failure amounted to wilful default. The authority said the penalty was imposed to uphold the integrity of the planning process and ensure compliance with regulatory requirements.

Related Stories

FBR excludes FTA, PTA customs concessions from 2026 tax expenditure report

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has left customs duty concessions granted under Free Trade Agreements (FTAs) and Preferential...

Pakistan banks expected to report lower Q2 2026 profits

byCT Report
21/07/2026

KARACHI: Pakistan’s banking sector is expected to report lower earnings in the second quarter of 2026 as the impact of...

FTO orders FBR to fix IRIS glitches blocking Rs2.3m tax credit

byCT Report
21/07/2026

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the Federal Board of Revenue (FBR) cannot use technical limitations of...

FBR imposes excise duty on e-liquids used in vapes & e-cigarettes

byCT Report
21/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has for the first time brought e-liquids used in vapes and electronic cigarettes...

Next Post

RCCI hails $3.4bn Pak-Uzbek business deals as milestone

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.