Day: September 5, 2023

Power projects under CPEC: Contract renegotiation proposals may again be floated

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CPEC-IPPs

ISLAMABAD: Pakistan is likely to again float proposals to Chinese government for renegotiation on contracts of power projects established under CPEC on the pattern of other IPPs or to purchase 1200-MW electricity from Pakistan for onward supply to power deficient Afghanistan. This idea is under active consideration at the highest level due to rising exceptional capacity payments, which has choked the entire power sector and is the main reason behind the inflated bills to consumers. According to sources, overdues/receivables of CPEC IPPs are now Rs 300 billion despite the fact…

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Karachiites Likely to Face Another Massive Hike in Electricity Bills

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KE

An appeal for a price hike in electricity rates in Karachi has been formally submitted, with a request for an increment of 10 rupees and 32 paise per unit. The application, directed to Nepra, encompasses three separate quarterly adjustments for the fiscal year 2022-23.In the submission presented by the government to Nepra, the initial quarterly adjustment for the period of October-December 2022 has sought a raise of 47 paise, while the subsequent quarterly adjustment for July-September 2022 is targeted at an increase of Rs 4.45 per unit. The application forwarded…

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Provinces, LEAs to be taken on board: PM asks power sector to act against defaulters

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Anwaarul-Haq

ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq Kakar has asked the power sector to take immediate action against electricity defaulters in collaboration with the provinces and law enforcement agencies. A review meeting of the power sector was presided over by the caretaker prime minister which was attended by Federal Minister for Power, Muhammad Ali, Adviser to the Prime Minister, Ahad Khan Cheema and senior officials concerned. The caretaker premier was given a detailed briefing on the electricity sector, the overall production capacity of electricity, production and delivery throughout the year…

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