Archive for March, 2012

NEPRA Chairman Khalid Saeed Resigned

Posted on March 21, 2012. Filed under: Uncategorized |

National Electric Power Regulatory Authority (Nepra) Chairman Khalid Saeed has resigned.Former Chairman was accused to illegally working over a month after his term expires.

Nepra issued a notification for an increase in power tariff by the end of February to recover the additional fuel cost borne in August last year.

Nepra Registrar Syed Faqeer Hussain confirmed to EconomyAge that Saeed sent his resignation to Prime Minister Yousaf Raza Gilani on Monday. However, he said Saeed would continue serving on the post until his resignation was accepted.

Then prime minister Mohammad Mian Soomro had appointed Saeed as Nepra chairman on February 15, 2008 for four years. The term was to expire on February 15, 2012.

Though his contract was not extended, he kept the post after February 15, 2012, leading many to ask questions over legality of the decisions taken by the authority during that period, say officials.

During the extended period, Nepra issued a notification for an increase in power tariff by the end of February to recover the additional fuel cost borne in August last year.

Vice-Chairman Raised His Voice as well

In a dissenting note with the announcement, Nepra Vice-Chairman Shaukat Ali Kundi said consumers were being forced to bear a high price of electricity because state-owned power generation companies were utilising their resources highly inefficiently, raising the cost of electricity production.

He also pointed to a culture of corruption that had pervaded the entire state-owned power sector and driven up operational costs.

Saeed Khalid, Chairman NEPRA

The notification was issued by the authority with a 2-1 majority vote. Chairman Khalid Saeed and Vice-Chairman Ghayasuddin signed in favour of raising the power tariff.

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