KARACHI: K-Electric has received the lowest tariff bid for its 150-megawatt solar energy project in Balochistan, set to commence in the fourth quarter of FY25. Following the bid evaluation, K-Electric will submit a report to the National Electricity Power Regulatory Authority (NEPRA) before announcing the successful bidder. This 150MW project is part of K-Electric’s broader plan to introduce 1,300MW of…
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ISLAMABAD: The Senate Functional Committee on Devolution unanimously agreed on Monday to recommend the abolition of the Ministries of Industries and Production and Energy (Petroleum Division), proposing that their responsibilities be devolved to the provinces. Chaired by Senator Zarqa Suharwardy, the committee suggested that further recommendations regarding the distribution of these responsibilities to provinces or the Council of Common Interests…
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ISLAMABAD: The Senate Standing Committee on Energy has directed the Power Division to submit original agreements with Independent Power Producers (IPPs) and a detailed comparative analysis of similar contracts in other countries. This follows a commitment made by the Power Division last week to share these agreements and provide a comprehensive briefing. The committee, chaired by Mohsin Aziz, is set…
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ISLAMABAD: Amid rising tax pressures on the general public, it has been revealed that Independent Power Producers (IPPs) have benefited from substantial tax exemptions amounting to Rs1.217 trillion from the mid-1990s through the 2023-24 fiscal year, according to official sources. These tax breaks, in addition to capacity payments estimated to reach Rs2.091 trillion this fiscal year, have sparked debate. The…
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