Category: Recent Post

The commission board has given two minimum floor rates to the Cabinet Committee on Privatisation (CCOP) for taking a decision, said an official of the privatisation ministry after the meeting. It has recommended setting the minimum price at Rs22.3 per share by giving a 7.5% discount on the three-month weighted average price of PRCL. The second option is that the minimum floor price should be Rs26 per share subject to the government’s commitment to declare 75% of the after-tax profit as dividend for the next three years. “After deliberations, the…

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Pakistan hit an all-time high power production level at 16,078 Gigawatt hours (GWh) in a month in August on the back of strong demand for energy from industries amid expansion and households adding appliances and gadgets in their daily usage. The growth in electricity generation is in line with the government’s policy to make maximum utilisation of the surplus power production capacity available in the country, as the excessive installed capacity is causing rise in the circular debt. Unfortunately, the positive development is achieved at a higher cost. The significant…

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The CPPA said Discos had charged consumers a reference fuel tariff of Rs4.73 per unit in August while actual fuel cost turned out to be Rs6.805 per unit, hence the additional fuel cost of Rs2.07 per unit should be charged to consumers in coming month. Interestingly, the major contribution of almost 35pc power supply came from hydropower resources at no fuel cost. On the other hand, LNG-based power contribution stood at 18pc but its fuel cost increased by 28pc since June. The CPPA reported that total energy generation from all…

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The government of Pakistan is planning to build solar plants on top of canals spread across the region of Punjab, which hosts several canal irrigation systems. The Punjab Power Development Board (PPDB) is currently seeking consultants to conduct a feasibility study for the deployment of solar plants on canals spread across the Gujranwala division, which is an administrative division in northern Punjab; and at the Rakh branch, which is a canal originating from Lower Chenab canal, in Gujranwala, and ending at Samundri, in Faisalabad district. “Punjab has one of the…

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Some foreign consultant must have told this gas thing to CCoE in English, otherwise we have been telling this to them since 2015. Still it is not energy efficiency they are striving for but to utilize excess “must run” capacity they have contracted. Unfortunately their thinking is outdated and they would be trading one evil with the other. The increase in parasitic domestic load in winter won’t help much apart from saving a little bit of gas.The GoP should look for more industrial load and stop importing engineering goods (and…

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