ISLMABAD  - National Electric Power Regulatory Authority (Nepra) will hold public hearing of the yearly and quarterly tariff adjustments on Thursday, whereas second hearing for the development of upfront solar tariff would be held on September 8.

According to officials, during the hearing matter of monthly charges of K- Electric Company limited, for the month of April May and 2014, as well as quarterly adjustment request for the quarter April-June 2014 and yearly indexation of O&M cost component will be discussed.

According to the request Company has spent Rs 522.963 million under fuel cost variation of own generation in the month of April, 2014, whereas for the months of May and June the cost was Rs 570.572 million and Rs 87.706 million respectively.

Total monthly variation increase/ decrease has been reported Rs 59.077 million, Rs. 82.059 million and Rs. 32.412 million respectively.

Nepra has also decided to hold second hearing of upfront solar tariff to discuss and address concerns and requests made by stakeholders.

During the hearing it would be discussed that whether project cost $1.73 million/ MW is justified.

It would also be discussed that whether $25,000/MW, is the reasonable estimate for the cost of land, boundary wall, water supply and security.

During the meeting, existing benchmark of annual O&M, construction period, tariff of solar plants and level of induction of solar energy in the system in accordance with Notified Grid Code will also be discussed.