ISLAMABAD - The National Electric Power Regulatory Authority (NEPRA) has allowed Water and Power Development Authority (WAPDA) a hike of 29pc for bulk supply of power from its hydel power stations taking it to Rs4.96/unit.
In its determination in the matter of WAPDA Hydroelectric Tariff Petition for FY 2022-23, NEPRA has worked out the total revenue requirement including levies at Rs 154.982 billion for the fiscal year 2022-23.
The total approved revenue requirement for the FY 2021-22 was Rs 101.382 billion, while for the FY 2022-23, WAPDA had claimed revenue requirements of Rs 123.316 billion.
In its initial petition, for revenue requirements of WAPDA hydroelectric for FY 2022- 23, WAPDA had sought a hike of Rs0.47/unit for bulk supply of power from its hydle power stations taking it from existing Rs3.68/unit to Rs4.15/unit, which was upward revised to Rs 3.85/unit due to various adjustments. NEPRA has calculated revenue requirement of Rs 154.982 billion which includes revenue requirements of Rs 109.247billion for the FY 2022-23 and hydle levies of Rs 45.735 billion. The hydle levies includes Rs 40.139 billion on account of regular net hydle profit, arrears of NHP and water use charges (WUC) to provinces for FY 2017-18, Rs 5.440 billion on account of WUC and Rs 156 million IRSA charges. The per unit impact of the enhance revenue requirements will be Rs 1.11/unit (29pc). In its order, NEPRA directed that the PPA should be consistent with the tariff determination of WAPDA hydro plants for FY 2020-21 and FY 2022-23, CPPA-G and WAPDA to sign PPA for all under-developing WAPDA power projects wherein, a clear mechanism for LDs, RCOD, outages, technical specifications, testing protocols should be mentioned and submit to NEPRA for approval.