Year: 2023

Two thermal plants hint at converting to Thar coal

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Thar-coal

ISLAMABAD: The country’s two thermal power plants of 700-MW generation capacity have indicated interest in converting themselves to Thar coal, which will bring their generation tariff from Rs 46 to Rs 8 per unit, sources close Managing Director PPIB told Business Recorder. The company’s representatives held a meeting with the MD PPIB on September 25, 2023 wherein concept paper on the conversion of both complexes, i.e., Lalpir and Pakgen from RFO to Thar coal were discussed in detail for inclusion by both the plants in Indicative Generation Capacity Expansion Plan (IGCEP)…

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Funding for energy efficiency project: EAD asked to get firm World Bank commitment

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power-tariff

ISLAMABAD: The Central Development Working Party (CDWP) has directed Economic Affairs Division (EAD) to get firm commitment of $150 million funding from the World Bank (WB) for energy efficiency and conservation project to be executed by National Energy Efficiency Conservation Authority (NEECA). At a recent meeting of CDWP, presided over by Deputy Chairman, Planning Commission, Chief Energy (Power), MoPD&SI appraised the forum that the sponsoring agency of the project has recently been changed from M/o Science and Technology to Ministry of Energy (Power Division). Initially, the proposal was discussed in…

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KE seeks more electricity from national grid

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k-electric

ISLAMABAD: K-Electric (KE) has sought additional capacity of up to 300-MW from the national grid, increasing supply to 1400-MW, which according to the power utility company, will result in net savings of around Rs 50 billion annually, which will benefit consumers in the form of lower Fuel Charges Adjustments (FCAs) and the GoP in terms of Tariff Differential Subsidy (TDS) requirement, sources close to CEO KE told Business Recorder. This submission has been sent by CEO KE Syed Moonis Abdullah Alvi to Minister for Power and Petroleum, Muhammad Ali. According to…

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Riyadh, Moscow talk oil amid ME crisis

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Oil price

MOSCOW: Saudi Arabia and Russia, the world’s top two oil exporters, on Wednesday discussed the situation on the oil market and prices amid the escalating conflict between Israel and Hamas, President Vladimir Putin’s top oil official said. Crude oil prices spiked in the wake of a massive incursion into Israel from Gaza launched by Hamas on October 7. Russian Deputy Prime Minister Alexander Novak greeted Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman in Moscow on Wednesday ahead of the “Russian energy week” conference in Moscow, which Putin will…

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KE seeks another Rs3 per unit hike in quarterly adjustment

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K-Electric

ISLAMABAD: Kar­achi’s power utility K-Electric has sought another Rs3.02 per unit in tariff adjustment for the April-June quarter of this year. The National Electric Power Regulatory Autho­rity (Nepra) has accepted the petition for a public hearing on Oct 19 (Thurs­day) to examine whether KE’s request was justified and whether the company’s claim for Rs13.2 billion write-off against unrecovered bills should be allowed. K-Electric’s demand for Rs3.02 per unit additional quarterly tariff adjustment is based on a revision in price settings at Rs2.57 per unit during April-June, followed by an annual…

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