Day: November 4, 2022

Pakistan looks forward to benefit from European expertise in renewables”, remarked Federal minister for power Engr. Khurram Dastgir Khan

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Federal minister for Power Engr. Khurram Dastgir Khan held a meeting with a delegation of European Parliamentarians here today.Federal minister briefed the delegation about the rehabilitation efforts done in flood affected areas. The tireless efforts of Ministry of Energy enabled early restoration of electricity in the worst hit areas. Minister highlighted that climate change is no more a theory but a real disaster for Pakistan. Despite minimum share in world pollution, Pakistan had to face the brunt of Climate change. Engr. Khurram Dastgir Khan apprised the delegation of the present…

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Tariff increase in Oct: Nepra refuses to endorse PBS claim

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The National Electric Power Regulatory Authority (Nepra) has refused to endorse the Pakistan Bureau of Statistics (PBS) claim that electricity tariffs rose by 89.59 percent in October 2022 while calculating the Consumer Price Index for October 2022. We believe that PBS has done something wrong in its calculations due to which it showed an increase of 89.59 per cent which is unreasonable,” said one of the officials of Nepra on condition of anonymity. The PBS quoted higher charges of electricity in its Consumer Price Index (CPI) of October 2022 against…

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Export-oriented sectors to get power at an all-inclusive rate of Rs19.99 per unit

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The country’s influential five zero-rated sectors, referred to as export-oriented sectors will be charged Rs 19.99 per unit electricity all-inclusive whereas domestic consumers are being charged over Rs 40 per unit. Interaction with power sector experts and officials revealed that the government had budgeted Rs 20 billion subsidy to provide concessional electricity to five zero-rated sectors including textile, carpets, sports, surgical and leather during FY 2022-23. However, of Rs 20 billion, Rs 12 billion were spent in two months (July and August) of financial year 2022-23, after which Power Division…

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Generation woes

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feeders

Inefficiencies in the power sector is the bigg-est headache for any government. The estimated direct and indirect fiscal cost (including circular debt and subsidies) of the power sector is at Rs9.4 trillion in the last fifteen years. The usual criticism is on the transmission and distribution system and inefficient discos. There is no denying these issues. However, not much heed is given to the losses and inefficiencies on the generation side. That must have its fair share of criticism. Some of the issues on the generation side are highlighted in…

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Pakistan Oilfields commences gas production from Tal block ahead of schedule

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The production of hydrocarbon from the Tolanj West -2, a development well in Tal block located in Kohat Plateau, Khyber Pakhtunkhwa, has successfully commenced significantly ahead of the original plan, Pakistan Oilfields (POL) said in a filing sent to the bourse on Friday. POL, one of the largest Exploration & Production (E&P) companies in the country, shared that the production from this well was expected to start in December 2022, “however, with the best efforts of technical teams, wellhead surface facilities, and tie-in activities have made the production possible ahead…

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