KE announces revisions in power tariffs and taxes on bills

In line with the governing laws, rules, and regulations of the Government of Pakistan and NEPRA, various changes have been made to the rates of electricity and tariff structure that will be effective from July and applicable nationwide including on consumers in KE’s service territory. The determination of costs of electricity to be recovered from consumers across Pakistan in their…

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Govt plans to increase local share to 90pc by 2030 as EDB all set for policy on solar energy

power

The Engineering Development Board (EDB) is all set to submit its policy document on solar panels and allied equipments manufacturing to the government by the end of this month. The policy document would revealed as how to promote the use of alternate energy resources to overcome power shortages in the country. It also said that the country is facing serious…

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Solar investment need of the hour

Not far away is a solar panel powering the small appliance that is indispensable for many in summer. Solar panels, each with a cost of about Rs120,000, are more commonly seen inhis village. “Many households in our village have solar panel, especially for air conditioning in summer. As more Chinese companies are providing solar panels to Pakistan, the problem of…

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Rs500bn addition to circular debt: Power Division holds Nepra responsible

The Power Division has reportedly held National Electric Regulatory Authority (Nepra) responsible for addition of Rs 500 billion to the circular debt flow in FY 2021-22 totaling Rs 850 billion due to delay in notifications for rebasing of Rs 7.91 per unit and Quarterly Tariff Adjustment (QTA) determination. Background interaction with officials dealing with the financial issues of power sector…

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Four $2.3bn power projects declared ‘problematic’

powertariffs

The Ministry of Economic Affairs has reportedly declared four power sector projects worth $2.3 billion problematic and directed the Power Division and its attached organizations to expedite implementation of the projects. This was the crux of the third follow-up meeting of National Coordination Committee (NCC) of Federal Energy Sector (EES) held in the Ministry of Economic Affairs, which reviewed progress…

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Federal Minister for Planning and Development Ahsan Iqbal

Federal Minister for Planning and Development Ahsan Iqbal on Thursday stressed the need for honouring the pledges and commitments to investing $600 billion in clean energy. “We welcome the Global Roadmap for Accelerated Sustainable Development Goals (SDGs) Action, developed in the 2021 highlevel dialogue and over 200 Energy Compacts, including pledges of $600 billion… yet actions have to match the…

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IMF Worries Over CPEC Energy Deals Still Loom Large

Pakistan has assured the International Monetary Fund (IMF) that it would try to receive concessions from the China-Pakistan Economic Corridor (CPEC) power plants in the shape of either reduction in the profit rates on investment or rescheduling the loan repayments. The issue of reopening of the purchase agreements of the power generation plants set up under the multi-billion dollar CPEC is unlikely…

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