ISLAMABAD: Federal Minister for Energy. Omar Ayub Khan Monday said that $6.5 billion are being thrown into ‘hellfire’ every year to import energy under the head of guaranteed capacity payments – a major source of accumulation of the circular debt – singed by the previous government. Speaking in National Assembly during question hour, Omar said that the annual capacity payments…
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The Pakistan Bureau of Statistics (PBS) came up with the inflation numbers for March 2021 last week, which showed respite in electricity prices. That is a result of the PBS now rightly acknowledging the reality of monthly Fuel Charge Adjustment (FCA) in the tariff calculation methodology. The PBS still does not have it sorted out to do it right when…
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PESHAWAR: The Centre for Advanced Studies and Energy of the University of Engineering and Technology, Peshawar, has developed solar panels at half the price of the existing silicon ones with the help of international partners by using the third generation solar photovoltaic technology. The lightweight and flexible panels will be formally unveiled this week, principal investigator of the project at…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Monday determined about 27.5 per cent reduction in average bulk hydroelectric tariff of the Water and Power Development Authority (Wapda) to ensure its revenue stream at Rs124 billion for fiscal year 2020-21. The bulk hydropower tariff at which Wapda sells its power generation from all hydropower stations to the Central Power…
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ISLAMABAD: In a dramatic turn that may forestall an early settlement of tens of billions of dues between K-Electric and state-owned entities, Saudi investor Abdulaziz H. Aljomaiah and Special Assistant to the Prime Minister on Power Tabish Gauhar publicly accused each other of conflict of interest and attempts to fleece the state and Karachi-based power consumers. In a letter to…
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ISLAMABAD: A more integrated mechanism is needed to harness water resources across the country to achieve water, food and energy security, said Water and Power Development Authority (Wapda) Chairman Muzammil Hussain. Briefing a delegation of the National Security Workshop, National Defence University (NDU) on Friday, the chairman said that Wapda had been constructing eight mega projects including Diamer-Bhasha Dam, Mohmand…
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Businessmen from the shipping industry have called on the Karachi Port Trust (KPT) to widen the backup area at Karachi Port for quick offloading and loading of cargo. In a statement on Thursday, Pakistan Stevedores Conference President Tariq Haleem said that free movement of transport was essential for quick discharging and loading of cargo and for the purpose, the backup…
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The Power Division has again moved a summary to the Economic Coordination Committee (ECC) regarding release of payments to Independent Power Plants (IPPs). It moved a summary in the wake of a letter received by the National Accountability Bureau (NAB). The government had already signed agreements with IPPs to pay Rs403 billion in instalments. The anti-corruption watchdog is currently investigating…
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KARACHI: No plantation campaign can increase green cover of the city unless the government enacts a Karachi-specific law for tree protection and plantation and imposes a strict ban on cutting of tree/s, unless it is authorised by an expert committee representing all stakeholders, including the academia. This body should also serve as a legal authority on granting permission for tree…
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ISLAMABAD: After a controversy over the scope of audit of Prime Minister’s flagship Ten Billion Tree Tsunami Programme, the Ministry of Climate Change has finally agreed on an special audit to be conducted by the office of the auditor general of Pakistan. Earlier, due to “technical reasons” the ministry had requested the auditor general of Pakistan not to carry out…
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