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Nepra proceedings against defaulters

The National Electric Power Regulatory Authority (Nepra) has initiated proceedings for recovery of outstanding dues against regulated companies to secure its revenues.

According to officials, recovery proceedings have been initiated against eight private power companies including Grange Power Ltd, SUNEC Wind Power Generation Ltd, Arabian Sea Wind Energy Ltd, Eastern Power Company Ltd, First Tri Star Modaraba, Green Electric Power Ltd and Gujranwala Energy Ltd.

The recovery proceedings have been initiated under Nepra Fine Rules 2002.

Sources said that these power companies owe the authority a cumulative sum of over Rs25 million. All of the above mentioned companies failed to respond to various letters, reminders and an explanation letter dated December 6, 2012.

In case these companies fail to comply with the notice of demand, Nepra may send a recovery request to the collector of the Islamabad Capital Territory specifying the relevant details of any property owned by these companies or their receivables from any source, which may be sold or attached for purposes of payment of the sum due.

The collector will prepare a certified account based on the recovery request and serve a notice of demand, the certified account and the recovery request on these defaulting companies.

If the companies do not comply with the notice of demand served by the collector within a period of 15 days, the collector shall forthwith pass orders directing the attachment or sale of the properties specified in the recovery request.

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