Year: 2022

Power Division is to give a detailed presentation to the federal Cabinet on power theft across the country and measures taken to curb the such practice, official sources told Business Recorder. On October 11, 2022, Power Division briefed the federal Cabinet that major international events had resulted in disruption to the global energy supply chains. As a result, global price of crude oil and imported coal had witnessed an increase of 32 percent and 103 respectively only in the last nine months. Pakistan being a net importer of energy resources was…

Pakistan on Saturday requested China to rollover its $6.3 billion debt that is maturing in next eight months as part of its overall plan to arrange $34 billion in the current fiscal year to meet its debt and external trade-related obligations. Another proposal was also under consideration to seek a fresh Chinese loan to repay the maturing bilateral debt during the fiscal year 2022-23, ending on June 30. The issue of rollover and refinancing of nearly $6.3 billion commercial loans and the central bank debt was discussed in a meeting…

The Inquiry Committee on power breakdown of October 13, 2022 has recommended the government to take disciplinary action against the technical teams from Project Delivery South, involved in execution of interim arrangement Asset Management South for lack of O&M activities, sources close to Minister for Power told Business Recorder. Sharing details, sources said, HVDC Converter Station Lahore was importing 1800-MW from Matiari-end prior to the incident. Unlike HVAC system, HVDC system is incapable of changing the direction of power flow during continuous operation. Thus, it did not support the system…

Consumers will have to pay for the surplus power generation capacity regardless of the use, an amount that is set to rise from Rs900 billion now to Rs1.6 trillion by 2030, said a report released on Friday. The report, titled Pakistan Electricity Outlook 2022 and compiled by the Energy Institute of the Lahore University of Management Sciences (Lums), reveals that the period of the expensive capacity surplus will sustain over the modelled period, ranging from over 15 per cent in summer to over 40pc in winter over peak demand despite…