Karachi: Monis Alvi, Chief Executive Officer of K Electric, has openly welcomed the introduction of other electricity distribution companies in Karachi, emphasizing the need for competition within the sector. He expressed these sentiments during a meeting with industrialists at the Korangi Association of Trade and Industry (Kati).

According to Korangi Association of Trade and Industry, Alvi highlighted the challenges posed by Power Holding Limited (PHL) charges, which are currently being contested at various forums including the National Electric Power Regulatory Authority (Nepra). He argued that these charges are unjustly imposed on Karachi’s citizens and called for joint efforts by the business community, government, and Nepra to abolish them. Alvi also addressed the impact of recent typhoons on the supply of meters for net metering, which has led to delays in consumer installations.

The CEO further discussed the online system improvements for new connections and changes of names, aiming to streamline these processes for better customer service. Additionally, he reassured that immediate connections would be available for commercial plots in Mehran Town, following NEPRA’s regulations.

Johar Kandahari, President of Kati, praised K Electric’s investment of 3 billion rupees in Karachi’s electricity infrastructure and acknowledged the need for further improvements to support industrial growth. He emphasized the high costs imposed on Karachi’s consumers due to additional surcharges and advocated for the integration of renewable energy projects to stabilize and reduce electricity tariffs.

The event concluded with discussions on the challenges faced by the industrial sector due to inconsistent tariffs and high production costs, highlighting the critical need for regulatory and operational reforms to ensure a reliable and economically feasible power supply to the industries.