Month: January 2023

In November too, nuclear generation was the top source after hydropower. Nuclear sources contributed 2,338 GWh of electricity to the national grid. Pakistan has been actively pursuing the plan to increase the share of cleaner energy sources in its energy mix, as carbon-based power, especially oil and gas not only affect the environment but are also expensive. Each year, Islamabad spends multi-billion dollars on fossil fuels imports. In December, out of the total pie of electricity generated from all sources, the share of nuclear energy was 27.15 percent (or 2,284.8…

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The federal cabinet has accorded its approval to ink agreements with Russia for the import of crude oil and Liquefied Natural Gas (LNG) and other items. The official sources said the cabinet okayed a summary for the import of two commodities and others from Russia through circulation on Wednesday. The federal cabinet also approved an agreement with Russia on issues relating to custom and other matters. It may be pointed out here that a high-level delegation from Russia, including the Minister for Energy, Nikolay Shulginov, is currently in Islamabad to…

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To improve the efficiency of Peshawar Electric Supply Company (Pesco) and reduce its losses, the federal government has divided the company into two companies. PESCO shall be divided into two companies i.e. PESCO and new company with the name of Hazara Electric Supply Company (HAZECO), said a notification issued here by the Ministry of Energy (Power Division). In pursuance of Rule-4(5) of Rules of Business, the Prime Minister has been pleased to approve the establishment of Hazara Electric Supply Company (HAZECO), vide their U.O. No.22/PSPM/2023 dated 4.01.2023. For overall better…

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The K-Electric has sought the National Electric Power Regulatory Authority (Nepra) nod for refunding Rs10.262 per unit to electricity consumers on account of fuel charges adjustment (FCA) for December 2022. If allowed by NEPRA, the reduction will provide a relief of Rs12.08 billion to KE’s consumers which they will get in the electricity bills of February 2023. In its petition submitted to NEPRA, the KE has requested the regulator permission for the refund of the amount it had overcharged during the month of December 2022. NEPRA would hold a public…

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The consumers of K-Electric are set to get a tariff relief of over Rs10 per unit on account of fuel cost adjustment for December 2022. K-Electric has filed a petition requesting the National Electric Power Regulatory Authority (Nepra) to approve a reduction of Rs10.26 per unit in consumer bills under fuel cost adjustment for December. Earlier, Nepra allowed K-Electric to slash power tariff by Rs7.43 per unit for November 2022, which was reflected in the consumer bills of January 2023. Fuel cost adjustment is reviewed every month as per Nepra’s…

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