Author: Admin

Government Aims to Reduce Return on Equity for Public Sector Power Projects

Admin
Power-generation

ISLAMABAD: The federal government is considering reducing the Return on Equity (RoE) for public sector power projects, including hydro and nuclear plants, while encouraging Independent Power Producers (IPPs) to adopt similar measures, informed sources told Business Recorder. This initiative emerged amidst pressure from the business community, notably from former Minister for Commerce Gohar Ijaz, who reportedly debated the issue with the current Minister for Power, Sardar Awais Leghari. Nationwide, the business community is rallying against the high rates of return and exorbitant capacity payments made to power plants. In response,…

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NEECA Unveils Energy Conservation Building Code (ECBC) 2023 in Islamabad

Admin
NEECA-Project

Islamabad – The National Energy Efficiency and Conservation Authority (NEECA), in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, has launched the Energy Conservation Building Code (ECBC) 2023 in Islamabad. In his keynote address, NEECA’s Managing Director described the ECBC 2023 as a transformative framework set to revolutionize building practices nationwide. He emphasized that this building code is not merely a document but a vigorous, actionable plan aimed at significantly reducing energy consumption and generating substantial cost savings for building owners and occupants. Wolfgang Hesse, Cluster Coordinator from GIZ…

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Urgent Measures Needed to Address Karachi’s Environmental Crisis: Dost Muhammad Rahimoon

Admin
Minister-Metting

Karachi – Karachi faces an urgent environmental crisis, with issues such as pollution, deforestation, and illegal encroachments worsening daily. In response, a delegation from the National Forum for Environment and Health (NFEH) met with Minister for Environment, Climate Change, and Coastal Development, Dost Muhammad Rahimoon, to discuss these critical challenges and propose solutions. The NFEH delegation, led by President M. Naeem Qureshi, Vice President Engr. Nadeem Ashraf, and Information Secretary Mustafa Tahir, emphasized the need for a coordinated effort to tackle environmental degradation in Karachi. “Every individual must play their…

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FPCCI to file petition in Supreme Courtfor ammendments in IPP,s Agreements

Admin
fpcci-afghanistan

Karachi The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is preparing to file a writ petition in the Supreme Court and appeal to the Special Investment Facilitation Council (SIFC) to seek amendments to the agreements with Independent Power Producers (IPPs). The FPCCI argues that the existing agreements and the tariffs imposed by the IPPs are financially burdensome and harmful to the national economy and businesses. Filing a Writ Petition:                 1.            Supreme Court’s Authority: The FPCCI intends to use the Supreme Court’s jurisdiction to challenge the legality of…

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Electricity Rates Surge by Rs22.53 per Unit in Two Years

Admin
electricity-tariffs

ISLAMABAD: Over the past two years, Pakistan has experienced an unprecedented rise in basic electricity tariffs, amounting to Rs25.76 per unit, as per official sources. This increase includes a fixed surcharge of Rs3.23 per unit, significantly raising costs for all consumer categories. From July to October 2022, the basic tariff rose by Rs7.91 per unit, followed by an additional Rs7.50 hike in July 2023. A fixed surcharge of Rs3.23 per unit was also imposed in July 2023, with another basic tariff increase of Rs7.12 in July 2024. Consequently, the basic…

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