The National Electric Power Regulatory Authority (Nepra) on Wednesday allowed applicability of cheaper fixed electricity rate of Rs12.96 per unit on incremental consumption to domestic, commercial and general services in current winter months to K-Electric and until Oct 31, 2023 to all industrial consumers of the utility while missing out industrial (B1) consumers of other distribution companies (Discos). It may be recalled that the normal tariff for non-protected consumers varies between Rs16 and Rs22 per unit. In two determinations on Wednesday, the regulator allowed these rates to KE as an…
Read MoreMonth: January 2022
Privatization can resolve power woes
Experts have agreed that privatisation of distribution companies is the only way forward for the energy sector of Pakistan. They held the view that failure to privatise the firms would enhance the problem of excess capacity and inflate circular debt. At a dialogue titled ‘Fixing Pakistan’s Power Sector – The Way Forward’ on Wednesday, K-Electric CEO Moonis Alvi said that a good amount of money had to be paid to the power firms in form of capacity payments in absence of a smooth distribution mechanism. “Today, the power tariff asks…
Read MorePeople migrating from coastal areas due to water scarcity, says Rahu
Sindh Minister for Environment, Climate Change and Coastal Development Ismail Rahu on Wednesday said that people living on the coastal areas, including Badin, had started migrating due to acute shortage of water in the province. “The water shortage has aggravated the problems of Badin and other coastal areas where livestock, fisheries and agriculture have been destroyed,” he said while addressing a seminar on climate change organised by Oxfam, an international NGO working in the country since 1973. The minister said that hundreds of thousands of acres of coastal land had…
Read MoreRoad Map Needed for 2 mln Electric Cars on Roads: Report
Turkey should determine a road map that ensures reaching at least 2 million electric vehicles and over 200,000 public charging sockets by 2030, said the Turkey Electric Vehicles Outlook report released by Sabancı University’s Istanbul International Center for Energy and Climate (IICEC) on Jan. 11. In the report, the IICEA suggested “strengthening the individual and corporate entrepreneurship ecosystem and human resources potential to help position Turkey as a regional and global actor in EVs and e-mobility. The additional electricity demand of about 6 terawatt-hours per year by 2030 could be…
Read MoreEconomy rupee slide symptom of infirmity
The Pakistani rupee fell from 152 rupees to the dollar in May 2021, the rate used for budget projections, to 179 rupees to the dollar and then recovered to 176.51 rupees on 7 January 2021. There is a perception in this country that the rupee value is market-based, as part of the staff- level agreement on 12 May 2019 between Pakistan’s then economic team leaders — Dr Hafeez Sheikh, de facto finance minister and Dr Reza Baqir, Governor State Bank of Pakistan — with the International Monetary Fund; however, this…
Read More