The Ministry of Finance has refused to pay for the cost of inefficiency or for clearing arrears of the China-Pakistan Economic Corridor (CPEC) energy projects and has instead proposed subsidies worth over Rs975 billion for the power sector, 37% less than the money demanded.
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Karachi residents are set to face a significant financial burden, as the National Electric Power Regulatory Authority (NEPRA) has permitted K-Electric to levy an extra charge of Rs3.9342/unit on consumers in May 2023 for monthly Fuel Charges Adjustments (FCA) for March 2023.
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Lahore and other cities may face a shortage of petroleum products as the oil marketing companies failed to maintain their supply due to the violent protests triggered by the arrest of Pakistan Tehrik-e-Insaf Chairman Imran Khan on Wednesday.
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ISLAMABAD-NEPRA has issued show-cause notice to Islamabad Electric Supply Company Limited (IESCO) for causing delay in the completion of two renewable energy projects, resulting in billions of rupees loss to the national exchequer.
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Water and Power Development Authority (Wapda) has accused Peshawar Electric Power Supply Company (Pesco) of not cooperating in supply of electricity to affectees of Dasu Hydropower Project as per agreement. Chairman Wapda Lt General Sajjad Ghani (retd) in a letter to Secretary Power Division explained
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