The National Electric Power Regulatory Authority (Nepra) has renewed the power distribution and supply licences of K-Electric (KE) for a period of 20 years, reported 24NewsHD TV channel Friday.
This non-exclusive license renewal follows KE's request for a non-exclusive license ahead of the liberalisation of the power sector.
KE's previous 20-year license reached its term in July 2023.
Subsequently, NEPRA provided KE with an interim distribution license for six months, which was nearing its expiration in January 2024.
The decision for renewal followed a comprehensive hearing that concluded on November 28, 2023. Post-hearing, Nepra has now authorised K-Electric to continue its power supply operations in Karachi, Uthal, Bela, Vinder, Hub, Dhabeji, and Gharo.