ISLAMABAD: The Senate Standing Committee on Power, led by Senator Mohsin Aziz, has requested copies of all Independent Power Producers (IPPs) agreements since 1994, alongside details of sponsors, amendments, heat rates, and comparative regional pricing. This move is part of a broader effort to address the critical issues affecting Pakistan’s power sector, which Senator Aziz described as a matter of…
Read MoreMonth: August 2024
PM Forms Task Force for Power Sector Reform
ISLAMABAD: In a decisive move to tackle the enduring financial and operational issues plaguing Pakistan’s power sector, the Prime Minister has established a high-level task force focused on implementing structural reforms. This initiative aims to alleviate the “financial burden on the federal government” and create an “efficient, liquid, and self-sustaining competitive power market,” according to a notification issued on Sunday.…
Read MoreSindh govt set to distribute 2lac solar kits among low-income families in 30 distts: Murad ShahAgreement signed for distribution of SHS kits
KARACHI (Aug 3): “Sindh Chief Minister Syed Murad Ali Shah, speaking at the signing ceremony of framework agreements for solar systems, said that 200,000 Solar Home Systems (SHS) would be provided to low-income households selected through the Benazir Income Support Program (BISP) data in all districts of the province.” He said that by the end of October first batch of…
Read MorePakistan to Draft Dam Safety Act Inspired by Regional Legislation
ISLAMABAD: The Ministry of Water Resources has initiated the process of drafting a Dam Safety Act, modeled after similar laws enacted in Bangladesh and India. This update was shared with the Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan, following directives from the committee’s previous meeting. In the last meeting, the committee instructed the Ministry to create…
Read MoreNEPRA Approves Rs6.69 Billion Negative Adjustment for K-Electric for Apr-Jun 2023 Quarter
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved a negative adjustment of Rs6.69 billion for K-Electric (KE) for the April-June 2023 quarter under the Quarterly Tariff Adjustment (QTA) mechanism. This adjustment will be incorporated into the new Multi-Year Tariff (MYT) for the period 2023-24 to FY 2029-30. The authority conducted a hearing regarding KE’s quarterly adjustment request on…
Read MorePakistan Considers Importing Coal from Kyrgyzstan to Bolster Energy Supply
ISLAMABAD: Pakistan is exploring the possibility of importing coal from Kyrgyzstan for power generation, a temporary measure until power plants can transition to Thar coal, according to sources from Business Recorder. The Ambassador of Pakistan to Kyrgyz Republic recently met with Talaibek Baigaziev, Kyrgyz Deputy Minister of Energy, to discuss potential energy cooperation between the two countries. During the meeting,…
Read MoreCCOP Approves Sale of Six Loss-Making Power Firms; Consumers to Bear Rs200 Billion Burden
ISLAMABAD: The Cabinet Committee on Privatisation (CCOP) has approved the sale of six of the highest loss-making power distribution companies and four power generation companies, which collectively incur annual losses exceeding Rs200 billion. This decision, aimed at reducing the financial strain on the power sector, indicates that consumers will continue to face high electricity bills to cover these losses. The…
Read MoreKarachi Residents Face New Municipal Utility Charges in Electricity Bills
KARACHI: In a move that adds to the financial burden of Karachi’s residents, the Karachi Metropolitan Corporation (KMC) has formally notified the collection of the controversial Municipal Utility Charges and Tax (MUCT) through K-Electric (KE) bills. This new charge will cost residents up to Rs400 extra in their electricity bills for the current month. Officials from both KMC and KE…
Read MorePM Shehbaz Focuses on Reducing Electricity Prices to Boost Economy
Emphasizes the need for affordable electricity for agriculture and industry growth.Criticizes politicization of electricity pricing, citing inefficiencies and corruption in the FBR and energy sector.Requests China to reprofile Pakistan’s debt to secure IMF bailout. ISLAMABAD: In response to Jamaat-i-Islami’s (JI) 48-hour ultimatum to reduce electricity prices, Prime Minister Shehbaz Sharif announced on Friday that the government is committed to providing…
Read MoreHigh Capacity Payments Threaten Economy: APTMA
KARACHI: The All Pakistan Textile Mills Association (APTMA) has blamed Independent Power Producers (IPPs) for the country’s high electricity tariffs, stating that exorbitant capacity payments to IPPs have jeopardized Pakistan’s economy. Addressing a press conference at the APTMA house in Karachi, Zahid Mazhar, Chairman of APTMA Southern Zone, criticized measures in the Federal Budget FY25 as being anti-exports, which he…
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