Year: 2022

China Power Hub Generation Company (Private) Limited (CPHGC) has approached Secretary to Prime Minister for resolution of issues of overdue receivables, revolving account and tariff adjustment/true-up. CPHGC is a 2X660MW (1320MW) coal based IPP established under the China Pakistan Economic Corridor (CPEC), located at Hub, Balochistan. The project achieved its Commercial Operations Date (COD) on August 17, 2019. The company is currently going through very critical circumstances, of which overdue receivables is the most serious. The company’s Ren Le Hui, in his letter to Secretary to Prime Minister, stated that…

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K-Electric may consider resuming load-shedding across its consumer network including the industrial zones, and may increase the duration of outages in the already affected areas to help people avoid default on monthly bill payments. “The cost of power production has gone beyond peoples’ affordability,” K-Electric’s Chief Marketing Officer Sadia Dada said while briefing media on Wednesday. “K-Electric may consider power breaks for three to five hours a day in the areas where there is zero load-shedding these days,” she said, adding that the company had kept industrial zones exempted from…

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The power shortfall on Wednesday rose to an unprecedented level of 7,500 MW, triggering massive loadshedding of over 10 hours in urban areas and up to 18 hours in rural areas. Despite several claims made by the incumbent government to permanently solve the problem, the duration of power outages are yet to be curtailed. Instead, with every passing day, it seems that deficit in power demand and supply tends to be multiplying. In spite of government’s claims, electricity generation could not be increased beyond the mark of 20,000 MW. Presently,…

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The National Electric Power Regulatory Authority (NEPRA) is all set to announce today (Thursday) the increase in electricity base tariff by Rs7.90 per unit for the next budgetary year 2022-23. It will be effective from July 1, 2022 after the nod of the federal government. This increase in base tariff will help the incumbent government help restore the $6 billion IMF program. The Fund has linked its program’s revival with doing away with subsidies in POL products and increase in tariff, ensuring full recovery of electricity cost in the tariff.…

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A blanket removal of energy subsidies and tax reforms are inconsistent with the climate strategy of the International Monetary Fund (IMF) as the global lender claims to support favourable tax regimes and spending policies for climate-vulnerable countries. Addressing a press conference on Wednesday, members of a coalition of civil society organisations working on the country’s energy transition to renewable sources said the IMF hasn’t yet taken concrete measures or provided specific assistance for countering the climate-change impact under its extended fund facility (EFF) loan programmes. “The present climate emergency has…

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