Month: July 2023

‘No change in peak and off-peak hour electricity timings’

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IPPs-dues

LAHORE: The Pakistan Solar Association (PSA) has claimed that there have been no alterations to the timings for peak and off-peak hours. According to a spokesperson of the association, PSA has been inundated with inquiries from member companies and stakeholders within the Pakistan solar industry concerning purported changes to the time of use tariff for customers of DISCOs (distribution companies). After weeks of speculation fuelled by incorrect news items circulating on social media and unofficial sources, the PSA takes this opportunity to clarify that there have been no alterations to…

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Rs4.96/unit hike in base power tariff: Govt plea filed with Nepra for unified tariff notification

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power-tariff

ISLAMABAD: The federal government has taken swift action to address consumer-end tariff recommendations of power distribution companies (Discos), including K-Electric. The government has filed an ‘Instant Motion’ with the National Electric Power Regulatory Authority (Nepra) aiming at establishing a uniform schedule of tariff for power consumers by incorporating targeted subsidies and rationalising inter-distribution companies’ tariffs. Notably, on July 14, Nepra announced a substantial increase in the electricity base tariff for the fiscal year 2023-24, allowing for a Rs4.96 per unit rise. The move will collect Rs3.281 trillion from power consumers…

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Chinese power giant shows renewed interest in KE

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Power-voices

KARACHI: China’s Shanghai Electric Power Company (SEP) has expressed renewed interest in acquiring K-Electric (KE), the integrated power firm based in Karachi, Pakistan. This latest submission comes after the previous intention to buy the company lapsed in June, due to unresolved issues that have persisted for eight years. SEP had first expressed its intention to buy KE in 2016 and has since submitted fresh intentions multiple times every nine months. However, several challenges have prevented the deal from progressing. One major hurdle is the heavily debt-ridden balance sheet of KE,…

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India, Sri Lanka explore building oil pipeline

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oil-pipeline

NEW DELHI: India and Sri Lanka said on Friday that they had agreed to improve economic ties by increasing cooperation in renewable energy and studying the feasibility of building an oil pipeline and a land bridge between the two countries. New Delhi will also help develop a port and an economic hub at Trincomalee, a city on Sri Lanka’s northeastern coast. The announcements were made by the leaders of the two countries as Sri Lankan President Ranil Wickremesinghe held talks with Indian Prime Minister Narendra Modi in New Delhi on…

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Agri tube-wells: Govt to implement solarisation project in phase-wise manner

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solarisation-project

ISLAMABAD: The government has decided to implement Prime Minister’s National Programme for solarisation of agri tube-wells project of Rs 377.2 billion in a phased manner and on equal sharing basis to be divided between federal government, provincial government and beneficiary farmers. On July 11, 2023, Ministry of Planning, Development and Special Initiatives briefed the Executive Committee of National Economic Council (ECNEC) that the project was considered by the CDWP in its meeting held on July 6, 2023 which recommended (i) the umbrella PC-I to ECNEC for either of the options.…

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