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Year: 2024

Govt Considers Scrapping Faulty Meter Reading System

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Meter-Reading

LAHORE: In response to growing consumer dissatisfaction, the government is contemplating abolishing the flawed pro rata meter reading system, which often removes electricity consumers from the protected category or pushes them into higher billing slabs despite their actual monthly consumption remaining within the category. Sources indicate that the Power Division and other relevant authorities are actively reviewing the meter reading…

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Awais Laghari Admits Delays and Challenges in Fulfillment of Free Electricity Promises

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Awais-Leghari

Karachi (TV Report) – Federal Minister for Energy, Awais Laghari, acknowledged the delays and difficulties in delivering on the promises of free electricity made by Maryam Nawaz and Bilawal Bhutto. While claiming efforts to reduce electricity prices for the public, Laghari stated that significant rate reductions would be made before the end of the government’s term. He admitted that fulfilling…

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National Gas Transmission System at Risk Amid Reduced RLNG Usage

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New-RLNG

ISLAMABAD: The national gas transmission system is facing significant risks as the Power Division has reduced the use of imported gas in RLNG-based power plants in Punjab. This reduction, now down to 418 million cubic feet per day (mmcfd) from 858 mmcfd on July 3, 2024, has caused a surge in the line pack pressure to 5.185 billion cubic feet…

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Punjab CM Maryam Nawaz Approves Solar Panels for Low-Consumption Households

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Mariyam-nawaz

LAHORE: In response to rising electricity costs, Punjab Chief Minister Maryam Nawaz has approved the provision of solar panels to households consuming between 50 and 500 units of electricity monthly. Chairing a meeting with the Energy Department, she greenlighted the ‘Roshan Gharana Programme,’ which aims to alleviate the burden of high electricity costs. Under this initiative, the Punjab government will…

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Senate Panel to Probe IPP Agreements, Capacity Payments, and Terms

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IPPs-dues

ISLAMABAD: The Senate Standing Committee on Power is set to initiate a comprehensive investigation into the agreements of Independent Power Producers (IPPs), scrutinizing their rate of return, capacity payments, and other contractual terms. The chairman of the committee, Mohsin Aziz, emphasized that the current structure of IPP agreements is unsustainable for Pakistan. The investigation coincides with growing opposition from former…

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Government Reverses Tariff Hike for Protected Consumers

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New-IMF

ISLAMABAD: In response to public outcry and potential political backlash, the government has decided to roll back a previously approved 51% increase in electricity rates for protected consumers, meeting a ‘prior action’ required by the International Monetary Fund (IMF). On the prime minister’s instructions, a revised summary exempting protected consumers from the hike will be urgently reviewed by the federal…

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KE Seeks Finance Minister’s Intervention for Release of Stuck Funds

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circular-debt-K-electric-ceo

ISLAMABAD: In a bid to address the issue of delayed payments, K-Electric (KE) has sought the intervention of Finance Minister Muhammad Aurangzeb to expedite the release of long-overdue funds from federal and provincial entities. KE CEO Syed Moonis Abdullah Alvi, along with CFO Muhammad Aamir Ghaziani and Chief Regulatory Affairs Muhammad Imran Qureshi, met with the finance minister to discuss…

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OGDCL Successfully Optimizes Production at Kunnar-11 Well in Hyderabad, Sindh

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ogdcl

ISLAMABAD, July 08, 2024: Oil and Gas Development Company Limited (OGDCL) on Monday announced the successful revitalization of the Kunnar-11 well, located in Hyderabad, Sindh. Utilizing advanced production optimization techniques, the well is now producing 960 barrels of oil per day.The production optimization drive underscores OGDCL’s commitment to enhancing oil production through modern recovery methods. The Kunnar-11 well, part of…

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Azeri Firm Seeks Legislative Safeguards for Investment in Pakistan

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Petroleum-Division

ISLAMABAD: SOCAR (State Oil Company of Azerbaijan Republic) has requested legislative guarantees from Islamabad to protect its investment in Pakistan, according to sources in the Petroleum Division. This request was highlighted during a recent meeting chaired by Minister for Planning, Development, and Special Initiatives Ahsan Iqbal, aimed at refining investment proposals for the upcoming visit of the Azerbaijani President. Prime…

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FPCCI Voices Concern Over Impact of Rising Power TariffsHike in Electricity Costs Unbearable for Public and BusinessesEconomic Strain and Protests Intensify Across Various Sectors

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power-subsidy

KARACHI: Mian Zahid Hussain, Chairman of FPCCI Advisory Board and President of the Pakistan Businessmen and Intellectuals Forum, has expressed deep concern over the recent increase in basic electricity tariffs and fixed charges, labeling them as unbearable for both the public and businesses. Hussain highlighted that the continuous rise in electricity prices is threatening livelihoods and undermining the rights of…

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