National Electric Power Regulatory Authority (Nepra) has insisted Sui Southern Gas Company Limited (SSGCL) to pen Gas Supply Agreement (GSA) with Karachi Electric (KE) to prevent load shedding in Karachi in future.
The suggestion was made through a letter to Managing Director of the gas utility. Though, the final decision has not been taken. According to Syed Zawar Haider, Additional Director, Registrar Office, the authority has taken serious notice of excessive load shedding in Karachi and has directed a team to conduct investigation against K-Electric. The findings of the investigation report exposed that KE did not make sufficient fuel provisions to secure supply of electric power which contains non-execution of Gas Supply Agreement (GSA) with Sui Southern Gas Company Limited (SSGCL). However, no agreement has so far been finalized as reportedly some influential government office holders are making a “personal” effort to discourage the Chinese company from acquiring shares of Abraaj.