Lahore Electric Supply Company (Lesco) has failed to achieve 2 percent loss reduction target that was determined by Nepra in its previous MYT, due to its inability of materialising Rs30 billion ADB funds for the AMI meter project, as the regulator approved Rs107.307 billion new five years investment plan for the company.
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The Lahore Chamber of Commerce and Industry Wednesday called for macroeconomic reforms and policy changes in consultation with stakeholders for moving towards a path of sustainable economic recovery.
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Senate Standing Committee on Power has asked National Electric Power Regulatory Authority (Nepra) to put capacity payment of Independent Power Producers (IPPs) on ice as Rs 1.2 trillion were paid as capacity payment during 2023.
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The United States has said that the recent oil deal between Pakistan and Russia is a “sovereign decision” as the US does not intend to pull Moscow “off the energy market”.
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The Oil and Gas Regulatory Authority (OGRA) has increased the monthly rent for gas meters from Rs40 to Rs500 following a recent hike in gas tariff, ARY News reported on Wednesday.
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