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Day: March 15, 2025

Miftah Ismail Questions Awais Leghari’s Claims on Net Metering Losses

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Miftah-Leghari

Former Finance Minister Miftah Ismail has responded to Energy Minister Awais Leghari’s claim that net metering causes losses of Rs 150 billion to power distribution companies (DISCOs). In a detailed statement, Ismail expressed confusion over the figures presented by Leghari, challenging the rationale behind reducing net metering incentives while ignoring the larger issue of transmission and distribution (T&D) losses. “You…

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Ogra Urges Refineries to Strengthen Agreements with OMCs

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New-OGRA1

KARACHI:* The Oil and Gas Regulatory Authority (Ogra) has advised local refineries to enhance agreements with oil marketing companies (OMCs) by incorporating legally binding clauses to ensure a structured and enforceable framework for prioritizing the upliftment of locally produced petroleum products. Regulatory Guidelines & Compliance In an official letter sent to refineries on Friday, Ogra emphasized that such agreements must…

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Kapco Seeks Higher Tariff, Take-or-Pay Model for Equity Returns

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New-KAPCO

ISLAMABAD:* Kot Addu Power Company Ltd (Kapco) has petitioned the National Electric Power Regulatory Authority (Nepra) for a tariff hike of up to Rs34.47 per unit and a guaranteed return on equity (RoE) under a take-or-pay model. Key Tariff Adjustments Sought: Proposed Equity Return Model: Kapco seeks an RoE *based on an 84.4% load factor, ensuring payments for up to…

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Pakistan Diverts Another LNG Cargo Amid Gas Transmission Pressure

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Pakistan-LNG

ISLAMABAD: The government has redirected another long-term LNG cargo to the international market to prevent strain on the national gas transmission system, which is experiencing line pack pressure fluctuating between 4.9 and 5 BCF. A senior Petroleum Division official confirmed that Pakistan had earlier requested Qatar to defer 10 LNG cargoes to 2026, of which only five were accommodated under…

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World Bank Warns of Impending Water Conflicts in Pakistan

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Water-Conflicts

ISLAMABAD:* Pakistan could face severe conflicts over water resources in the near future if urgent measures are not taken to regulate *water distribution and extraction, warned **Basharat Ahmed Saeed, Senior Water Specialist at the *World Bank Group. Speaking at a seminar on water security organized by the *Pakistan Institute of Development Economics (PIDE), Saeed highlighted that at the **current rate…

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Govt, Banks Near Rs 1.23 Trillion Deal to Resolve Power Sector Circular Debt

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Circular-Debt

ISLAMABAD: The government and commercial banks are reportedly finalizing a Rs 1.23 trillion loan agreement aimed at resolving Pakistan’s power sector circular debt. The deal includes Rs 5.23 billion in fresh exposure and the restructuring of Rs 700 billion in existing loans at a lower interest rate, according to sources. A Power Division team recently held talks with commercial banks…

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DISCOs Seek 30-Paisa Per Unit Tariff Reduction for February FCA

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power-unit

ISLAMABAD: Electricity consumers may see a 30-paisa per unit reduction in power tariffs as distribution companies (DISCOs) have requested a downward adjustment in fuel charges adjustment (FCA) for February 2025. The National Electric Power Regulatory Authority (NEPRA) has scheduled a public hearing on March 26 at NEPRA Tower, with online access available for stakeholders. The request, filed by the Central…

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Thar Coal Power: Cheaper Than Hydropower, Says SSRL CEO

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Thar-coal

KARACHI:* Power generation from Thar’s Block-1 is significantly more cost-effective than hydropower, with a production cost of just *Rs5.52 per unit, stated *Sino Sindh Resources Pvt Ltd (SSRL) CEO Li Jigen during a public hearing held by the Thar Coal and Energy Board (TCEB) on Thursday. The hearing, conducted by *TCEB Managing Director Tariq Ali Shah, **Presiding Officer Ammar Habib…

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PCMA Chairman Chinoy Condemns Proposed Cuts in Net Metering Rates for Solar Electricity

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solar-electricity

Karachi: Chairman of the Pakistan Chemicals & Manufacturers Association (PCMA), Ahmed Chinoy H.I, S.I, strongly condemns the proposed reductions in net metering rates for solar electricity in Pakistan. This move poses a serious setback to the nation’s clean energy transition, undermining progress in solar adoption among households and businesses while threatening energy security, environmental sustainability, and economic viability for thousands…

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