ISLAMABAD, Nov 3: Wapda Chairman Tariq Hameed has said that the authority will have to enhance power tariff if the current oil prices prevail.
The chief of the Water and Power development Authority said at a meeting of the National Assembly’s standing committee on water and power on Friday that Wapda would have to raise the tariff within a few days if the current oil prices remained unchanged as it could not bear more losses.
He pointed out that the Independent Power Producers purchased oil from the Pakistan State Oil directly and Wapda bought electricity from them at Rs7 to Rs9 per unit. Electricity was supplied to the people on subsidised rates, he said.
He said the policy adopted with regard to IPPs had not been changed over the past three years.
Wapda’s transmission and distribution losses had been curtailed by seven per cent during the past year, he said.—Agencies
