When the government first announced that it had renegotiated contracts with independent power producers (IPPs) that it deemed excessively favourable to the power companies, it was almost uniformly hailed as a successful policy achievement. There seemed to be a general consensus that electricity generation in Pakistan was too expensive (it is), and that the supposedly excessive profits of the industry…
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LAHORE: The cost of electricity from a biomass-to-electricity power plant is less than solar and wind power plants, said Pakistan Electric Power Company (PEPCO) sources. They said the Levelized Cost of Electricity (LCOE) for biomass fuelled power plant as determined by NEPRA is approximately US cents 8.28/kWhr and those for coal, RNLG, wind, and solar power plant are US cents…
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KARACHI: Engro Energy Limited CEO Ahsan Zafar Syed estimates that if the DISCO operations are not improved, the inefficiencies in country’s energy sector will take the circular debt to approximately Rs 4 trillion by 2025. He was speaking at the online Corporate Pakistan Group (CPG) Dialogue, organized under the topic ‘Fixing Pakistan’s Power Sector,’ on Friday. The speakers at the…
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ISLAMABAD: Prime Minister Imran Khan has directed Privatisation Commission (PC) to move a summary to the Economic Coordination Committee (ECC) of the Cabinet on issuance of National Security Certificate (NSC) for KE transaction and future line of action, well informed sources told Business Recorder. These instructions were issued by the Prime Minister on September 16, 2020 at a meeting held…
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ISLAMABAD: Power Division and Genco Holding Company Limited (GHCL) are reportedly on war path, on a letter written by Managing Director of the company to Chief Executive Officers (CEOs) of four Gencos on austerity and prudency in expenditure and procurement, well informed sources told Business Recorder. MD, GHCL, Muhammad Imran in his letter to CEOs of Jamshoro Power Company Limited…
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ISLAMABAD: K-Electric has sought the federal government’s assistance as low gas pressure and variation in wind power plants have hit electricity generation, causing additional load-shedding in Karachi. The low gas pressure and drop in wind power have led to an increase in electricity shortfall. In this situation, K-Electric has placed a request before the federal government to provide 80 megawatts…
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K-Electric has said that continuous disruption in the power supply is out of its hands as the Sui Southern Gas Company (SSGC) was not providing the agreed quantity of gas. The statement was issued amid prolonged power outages affecting industrial, commercial and residential consumers equally. The K-Electric, however, added that the port city, which is solely dependent on the utility…
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WASHINGTON, September 24, 2020 – Today, the World Bank’s Board of Executive Directors approved $450 million in financing to support Pakistan’s transition to renewable energy resources that reduce its reliance on fossil fuel imports and lower costs of electricity production. The Khyber Pakhtunkhwa Hydropower and Renewable Energy Development Project will help shift the national energy mix to domestic clean resources…
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ISLAMABAD: The government is claiming to have saved about Rs856 billion over a period of 10 years on account of renegotiation with independent power producers (IPPs) and change in terms of contracts and closure of public sector power projects. This was the crux of a meeting of the Cabinet Committee on Energy (CCoE) presided over by Minister for Planning and…
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ISLAMABAD: Prime Minister Imran Khan was informed on Thursday that some leading businessmen of the country have formed a consortium to make a huge investment in two mega development projects — Urban Development and Bundle Island Project (UDBSP) in Karachi and Ravi River Front Urban Development Project (RRFUDP). In a separate meeting of the National Coordination Committee (NCC) on Housing,…
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