Ahead of PM’s visit to KSA: SIFC ‘striving’ to resolve KE’s issues

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The Special Investment Facilitation Council (SIFC) is reportedly endeavouring to find ways to resolve pending issues of K-Electric prior to forthcoming visit of Prime Minister Shehbaz Sharif to Saudi Arabia (April 28-29, 2024), well-informed sources told Business Recorder.

On April 22, 2024, SIFC organized a meeting of stakeholders on pending issues like Multi- Year Tariff (MYT) and write -off claims, which are between the power utility company and National Electric Power Regulatory Authority (NEPRA). Power Division has already resolved KE issues, however the issue of mediation on receivables and payables is also under process.

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