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NEPRA Endorses Formation of Independent System and Market Operator (ISMO)

Admin
Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has endorsed the creation of an Independent System and Market Operator (ISMO) by merging the Central Power Purchasing Agency (CPPA-G) and the National Power Control Center (NPCC). This move is contingent on resolving certain issues to ensure smooth and independent operation, sources close to NEPRA’s Chairman informed Business Recorder. NEPRA’s support follows…

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Power Sector Overhaul: Addressing Major Bottlenecks Underway

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power-fleet

ISLAMABAD: The Power Division has initiated efforts to address 23 critical issues in Pakistan’s generation, transmission, and distribution systems, sources revealed to Business Recorder. These proposed reforms have been presented to the Prime Minister and the Special Investment Facilitation Council (SIFC). In generation, the focus areas include substituting imported fuel, optimizing fuel and capacity utilization, reducing the capacity payment burden,…

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Government Plans Feasibility Study for Power Export to China

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power-sector

ISLAMABAD: The government has decided to conduct a feasibility study on exporting electricity to China, involving the Chinese firm M/s Three Gorges, according to sources from the Power Division. This decision was made during a meeting led by Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, to finalize strategies for the upcoming high-level visit to Russia. The meeting, which…

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Miftah Ismail to File Petition Against K-Electric Over Rate Hikes

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K-electric

KARACHI: Awaam Pakistan Party leader Miftah Ismail has announced his plan to file a petition against K-Electric, citing a 350% increase in electricity rates since 2015. Speaking at a protest outside K-Electric’s head office, Ismail criticized the government’s management of electricity tariffs, arguing that it places undue burden on ordinary citizens. He highlighted the Pakistan People’s Party’s unfulfilled promise of…

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POL Discovers Oil and Gas Reserves in Kohat District

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Oil-Gas

ISLAMABAD: Pakistan Oilfields Limited (POL) has announced the discovery of significant hydrocarbon reserves at its Razgir-1 exploratory well in Kohat district, Khyber Pakhtunkhwa. POL, a subsidiary of Attock Oil Company Limited, shared the news with the Pakistan Stock Exchange (PSX) on Monday. The Razgir-1 well, part of the TAL block operated by MOL Group, was spudded on January 9, 2024,…

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K-Electric Seeks Petroleum Division’s Support for Mari Gas Supply

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mari-petrolium

ISLAMABAD: K-Electric (KE) has requested the Petroleum Division’s assistance to secure 100 MMSCFD of surplus indigenous gas from Mari Petroleum Company Limited (MPCL), following the expiry of MPCL’s contract with SNGPL. KE referenced its November 3, 2023, letter requesting gas allocation for its fleet and initiated discussions with gas exploration companies including Mari, PPL, PEL, Eni, OGDCL, and MoI. KE’s…

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Government to Privatize Three Power Firms

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Chinese-power

ISLAMABAD: Privatization Minister Abdul Aleem Khan announced on Saturday that three power companies will be privatized, emphasizing a transparent and timely process. In a meeting of the Privatisation Commission Board, issues related to the privatisation of Discos and other state-run companies, including Pakistan International Airlines, were discussed. The board unanimously decided to privatize three power generation companies in the first…

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Power Division Denies Free Electricity for Lawmakers

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Power-Project

ISLAMABAD: The Power Division has denied allegations that parliamentarians receive free electricity, stating in an official announcement that no such facility is provided to lawmakers or any government institution. The denial follows a privilege motion submitted by several MNAs who were accused of availing free electricity. The MNAs clarified that they pay rent and cover their own electricity and gas…

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Miftah Ismail urges govt to waive taxes on domestic bills for four months to phenomenally reduce electricity cost

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Miftah-Ismail

Leader of the newly established political entity, Awam Pakistan Party (APP), and former Federal Finance minister, Dr Miftah Ismail, has urged the government to waive for the next four months advance income tax and sales tax recovered from the domestic consumers as part of their electricity bills to phenomenally decrease the electricity rates in the country.Speaking at a press conference…

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NEPRA Instructs K-Electric to Minimize Load-Shedding Amid Heat Wave

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power-breakdowns

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued directives to K-Electric (KE) to take immediate measures to mitigate load-shedding in Karachi, following numerous public complaints and the ongoing heat wave. In a letter to KE’s CEO, NEPRA referenced a communication dated June 26, 2024, concerning heat wave-related casualties and load-shedding issues. It also mentioned a public hearing on…

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