Month: August 2023

Despite sharp tariff rise, circular debt soars to Rs2.31tr

Admin
tariff-rise

Debt swells due to inefficiency, theft and losses faced by power distribution firms ISLAMABAD: The power sector circular debt jumped to Rs2.31 trillion by the end of June 2023 after revenue gains from a massive increase in electricity prices were lost to the inefficiencies, theft and losses faced by power distribution companies. Official statistics showed that during fiscal year 2022-23, which ended in June, the Pakistan Democratic Movement (PDM) government failed to bring about any improvement in the “acute” power sector situation. There was a gross increase of Rs789 billion…

Read More

Pakistan celebrates 76 years of independence

Admin
Pakistan-celebrates

President, PM urge nation to follow Quaid’s golden principles President Dr Arif Alvi and outgoing prime minister Muhammad Shehbaz Sharif in their separate messages on Independence Anniversary extended heartfelt congratulations to the entire nation The nation is celebrating its 76th Independence Anniversary today (Monday) with utmost national fervour. The day dawned with a 31-gun salute at the federal capital and a 21-gun salute at the provincial headquarters. Special prayers were offered in mosques for peace, solidarity and prosperity of the country. A one-minute silence was observed throughout the country with…

Read More

China says bond with Pakistan strong

Admin
China-says

Any attempt to disrupt Sino-Pak bond will fail: Beijing China reaffirmed its unwavering commitment to its strong friendship with Pakistan and the China-Pakistan Economic Corridor (CPEC), declaring that any attempt to disrupt these bonds would be unsuccessful. The Chinese Foreign Ministry’s spokesperson, Wang Wenbin, delivered this resolute message during a routine media briefing. “No attempt to sabotage the friendship between China and Pakistan and the China-Pakistan Economic Corridor will succeed.” This statement comes a day after terrorists targeted a military convoy safeguarding Chinese workers on their way to a port…

Read More

K-Electric sees no impact of inflation on power bills

Admin
NEPRA

Officials say company will increase renewable energy, Thar coal-based production KARACHI: Officials of K-Electric (KE), which supplies electricity to Karachi and its adjoining areas, have given assurances to consumers that their monthly power bills will remain stable around current levels even if inflation spikes unpredictably in the coming years. The company has devised a business strategy to increase the share of low-cost renewable energy to 28%, add cheaper Thar coal-based production and cut reliance on expensive imported sources till 2030. This news may provide some relief to consumers after the…

Read More

WAPDA Hydel generation further improved:WAPDA generates 8158 MW hydel electricity during peak hours

Admin
wapda

August 12, 2023: After resumption of power generation from 969 MW-Neelum Jhelum Hydropower Project couple of days ago, electricity generation by WAPDA hydel power stations crossed 8000 MW mark, as WAPDA contributes 8158 MW to the National Grid during peak hours last night. Effective operation and maintenance of WAPDA hydel power stations and better hydrological conditions are the other contributing factors behind this increase in WAPDA hydel generation. Statistics show that Tarbela Hydel Power Station generated 3478 MW, Tarbela 4th Extension 1410 MW, Ghazi Barotha 1450 MW, Neleum Jhelum 798 MW,…

Read More