Year: 2020

Wholesale power market appears to be a pipedream

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ISLAMABAD: The wholesale electricity market in Pakistan appears to be a pipedream as the government first needs to strengthen the transmission and distribution infrastructure to achieve this target. This was the crux of a webinar organized by the National Electric Power Regulatory Authority (Nepra) on Tuesday. However, the representatives of key stakeholders like Discos and generation companies were not visibly present during the webinar. The main concern of the power sector was resolution of circular debt issue, which has choked the entire chain, but has not been addressed in the…

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CTBCM to be a game-changer for power industry of Pakistan: Nepra

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Islamabad – NEPRA has Tuesday said that Competitive Trading Bilateral Contracts Market (CTBCM) would be a game-changer for the power industry of Pakistan. NEPRA hosted a webinar on Competitive Trading Bilateral Contracts Market (CTBCM). A large number of renowned national and international experts and stakeholders of the electric power sector participated. NEPRA Chairman, Tauseef H. Farooqi opened the webinar by thanking the participants and highlighted light on the objectives of the webinar on the CTBCM Model. He expressed that CTBCM will prove to be a game-changer for the Power Industry…

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Govt-IPPs deal hamstrung by lack of ‘visible’ mode of payment

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ISLAMABAD: Independent Power Producers (IPPs) and the Federal Government have reportedly not signed the much-awaited agreements due to the lack of a “visible” mode of payment, well-informed sources told Business Recorder. The government and IPPs signed a Memoranda of Understanding (MoUs) a couple of months ago with the commitment to convert these understandings into legal agreements. The sources said the government wanted to give tradable instruments to the IPPs but the International Monetary Fund (IMF) has not given its consent leading to uncertainty in the Finance Ministry as to what…

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High court moved against gas outages

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PESHAWAR: A lawyer moved the Peshawar High Court on Monday against the outages of natural gas in parts of the provincial capital. In the petition, Saifullah Muhib Kakakhel requested the court to declare the gas denial to Khyber Pakhtunkhwa, especially Peshawar, illegal and unconstitutional and order the immediate restoration of uninterrupted gas supply. He said KP produced more natural gas than its requirement and that under Article 158 of the Constitution, its needs should to be met before the gas was supplied to other provinces. The petitioner requested the court…

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Ground realities ignored: Nepra set to begin public consultation on CTBCM today

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is all set to start public consultation on Tuesday (Dec 22) on Competitive Trading Bilateral Contract Market (CTBCM) without taking account of domestic ground realities. An overview of the design and implementation of the CTBCM which was approved last month predominantly focuses on developing a Wholesale Electricity Market (WEM) at a time when there is excess generation capacity and significantly high value committed capacity additions and structural challenges in the Transmission and Distribution (T&D) segment. The stakeholders including the Planning Commission, KE,…

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