Day: July 17, 2022

Not far away is a solar panel powering the small appliance that is indispensable for many in summer. Solar panels, each with a cost of about Rs120,000, are more commonly seen inhis village. “Many households in our village have solar panel, especially for air conditioning in summer. As more Chinese companies are providing solar panels to Pakistan, the problem of electricity shortage is greatly alleviated,” he told China Economic Net (CEN). In Pakistan, the insufficiency of power, which leads to surging electricity tariff and foreign exchange expenditure on imported energy,…

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The Power Division has reportedly held National Electric Regulatory Authority (Nepra) responsible for addition of Rs 500 billion to the circular debt flow in FY 2021-22 totaling Rs 850 billion due to delay in notifications for rebasing of Rs 7.91 per unit and Quarterly Tariff Adjustment (QTA) determination. Background interaction with officials dealing with the financial issues of power sector indicates that the Power Division was expecting growth of Rs350 billion in flow of circular debt during FY 2021-22 subject to systematic actions by the power regulator. However, delays in…

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The Ministry of Economic Affairs has reportedly declared four power sector projects worth $2.3 billion problematic and directed the Power Division and its attached organizations to expedite implementation of the projects. This was the crux of the third follow-up meeting of National Coordination Committee (NCC) of Federal Energy Sector (EES) held in the Ministry of Economic Affairs, which reviewed progress made on its decisions taken on November 5, 2022, February 25, 2021 and May 26, 2021 meetings The meeting was attended by Special Assistant to Prime Minister, Additional Secretary, (Power…

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