ISLAMABAD, Pakistan: The Water and Power Development Authority (WAPDA) has sought a staggering 90% increase in its revenue requirement, pushing the figure from Rs 190.9 billion in FY 2022-23 to an unprecedented Rs 364.9 billion for FY 2025-26. The request, submitted to the National Electric Power Regulatory Authority (NEPRA), includes hefty allocations for hydropower levies, operations, maintenance, and returns on investments.
According to WAPDA, the surge is driven by rising operational costs, transfer of capital-intensive projects, and the inclusion of new hydropower stations. Key allocations include Rs 39.8 billion for O&M expenses, Rs 8.7 billion for depreciation, and a massive Rs 99.6 billion return on investments in hydropower projects. The petition also accounts for past arrears amounting to over Rs 139 billion across previous fiscal years.
WAPDA currently operates 21 hydel plants with a boosted generation license of 19,664 MW, following the addition of Tarbela 5th Extension (1,530 MW) and Mohmand Dam (800 MW). Officials argue these projects demand significant financial backing to maintain sustainability.
NEPRA, however, has flagged serious concerns over sharp cost escalations, pension fund gaps, and documentation lapses for major rehabilitation projects. A public hearing is scheduled for September 11, 2025, where stakeholders will debate whether WAPDA’s demand is justified—or yet another burden for consumers already battling high electricity prices.
This story has been reported by PakTribune. All rights reserved.