KARACHI: Karachi is likely to face severe load shedding as the K-Electric lost a record Rs 39.4 billion in the first 9 months of the fiscal year 2022-23, ARY News reported on Saturday.
As per details, the K-Electric losses in the 9 months of 2021-22 were Rs 1.49 billion.
The economic crisis resulted in less consumption of K-Electric units as 5.8 percent fewer units were consumed in the current fiscal year as compared to the last fiscal year.
The K-Electric has also seen a decline in bill payments amid the current inflation. The power distribution company may not provide electricity to the high-loss areas of the metropolis, K-Electric sources added.
Read more: NEPRA okays hike in power tariff for KE consumers
Furthermore, the duration of load shedding is also increased in those areas where power is stolen. In April, the areas where more electricity is stolen may face 8-12 hours of load shedding while less power theft areas will face 8-10 hours of load shedding.
Earlier on April 14, the National Electric Power Regulatory Authority (NEPRA) approved an Rs0.58 per unit hike in the electricity tariff for K-Electric consumers.
The power regulator authority issued a notification and sanctioned an Rs0.58 per unit hike in the electricity tariff for K-Electric consumers on account of fuel charge adjustment (FCA) for February.
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