Inconsistencies in Rs332bn grid revenue flagged
ISLAMABAD: The National Electric Power Regulatory Authority member (tariff and finance) has questioned regulatory and accounting inconsistencies of the national grid’s recently-cleared revenue requirement of Rs332 billion, citing what she described as the ‘mirror image’ of receivables and non-transferred assets. Nepra member Amina Ahmed pointed out the financial inconsistencies in a detailed…
The National Electric Power Regulatory Authority (Nepra) has raised concerns over inconsistencies in the National Grid Company (NGC) revenue requirement of Rs332 billion. Nepra member Amina Ahmed questioned the treatment of over Rs19bn recorded as payable to Central Power Purchasing Agency (CPPA) under current liabilities in NGC's financial statements.
She argued that this amount should not be treated as a loan, as it represents a mirror image of assets not transferred to CPPA under the Business Transfer Agreement (BTA). Nepra approved a three-year revenue requirement of Rs332bn for NGC, but Ahmed's dissenting note highlights the financial inconsistencies in the decision.
Brief written by urgent.news from Dawn's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
