ISLAMABAD: Chairman of the Water and Power Development Authority (WAPDA), Lt. General Sajjad Ghani (Retd.), announced that the construction of new dams will add 10 million acre-feet (MAF) of water to Pakistan’s reserves within the next four to five years. Speaking at a National Assembly Standing Committee on Water Resources meeting, chaired by Khalid Hussain Magsi, Ghani emphasized that with…
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ISLAMABAD: The government’s three-month Winter Incentive Package led to a 1.5% increase in electricity consumption in December 2024, with an additional 226 million units consumed, including in K-Electric’s jurisdiction. This was revealed during a public hearing chaired by NEPRA Chairman Chaudhry Waseem Mukhtar on the Fuel Charges Adjustment (FCA) for December 2024. The Central Power Purchasing Agency-Guaranteed (CPPA-G) has proposed…
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ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has urged the Petroleum Division to review the policy allowing third parties to sell indigenous gas in RLNG-designated areas, arguing that all available and upcoming indigenous gas should be allocated to gas utilities to ensure affordable tariffs for the public. In a letter to the Petroleum Division, SNGPL highlighted that the current policy…
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ISLAMABAD: Pakistan and the Kingdom of Saudi Arabia (KSA) are still working to finalize key details regarding the 15% stake in the Reko Diq copper and gold project in Balochistan, sources told Business Recorder. The Reko Diq Mine is currently 50% owned by Barrick Gold, while the Government of Pakistan holds 25% through state-owned enterprises (GHCL, OGDCL, and PPL). The…
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ISLAMABAD: The government has successfully renegotiated tariffs with 14 Independent Power Producers (IPPs), securing Rs813 billion in savings for consumers and addressing circular debt amounting to Rs329 billion. As part of the agreement, the IPPs have agreed to return Rs31 billion in excess profits, a reduction from the initial Rs55 billion claim. Additionally, the government has decided to close investigations…
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ISLAMABAD: Electricity consumers are poised to receive a relief of Rs1.03 per unit under the fuel cost adjustment (FCA) for December 2024, pending approval by the National Electric Power Regulatory Authority (NEPRA). During a public hearing, the Central Power Purchasing Agency-Guarantee (CPPA-G) highlighted that seasonal adjustments had contributed to lower electricity prices. However, the prolonged shutdown of the 969MW Neelum-Jhelum…
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ISLAMABAD: In an effort to absorb surplus electricity capacity and enhance industrial reliance on the national grid, the Power Division has directed all public and private electricity distribution companies to sign Service-Level Agreements (SLAs) with captive power plant (CPP) consumers. The initiative aims to ensure a stable, high-quality power supply to industries while holding distribution companies accountable for reliability standards.…
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