K-Electric, SSGC signs agreement for smooth gas supply, dues payment
- By Zohaib Kazmi -
- Apr 24, 2014
KARACHI: K-Electric (KE) and Sui Southern Gas Company (SSGC) signed an agreement on Thursday for a smooth supply of gas to the power utility and the clearance of outstanding dues along with monthly regular bill payments to the gas utility, ARY News reported.
The agreement was signed at SSGC's head office by KE’s CEO Nayyer Hussain and SSGC’s MD Zuhair Siddiqui.
KE’s CEO Nayyer Hussain said as per agreement the SSGC will maintain minimum gas supply of 210mmcfd to KE during summer and 130mmcfd in winter.
Nayyer Hussain said the signing of agreement will create a positive impact on the capability of electrcity production.
This would help KE to run its efficient generation plants in order to maintain the current scheduled load shedding regime.
In return, KE would make monthly payment as per the agreed methodology for settlement of old principle outstanding arrears in addition to the current monthly bills which will strengthen SSGC’s financial situation.
SSGC’s MD Zuhair Siddiqui termed the agreement fruitful for SSGC as it will help to stabilize the financial condition of the organization.