Month: January 2024

Solar IPPs: Hike in benchmark competitive tariff proposed

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solar-panel

ISLAMABAD: Ministry of Planning, Development and Special Initiatives (M/o PD&SI) has proposed increase in benchmark competitive tariff of solar IPPs to Cents 5/kWh from Cents 3.4108/kWh determined by Nepra to replace costlier thermal power through large scale solar IPPs, well informed sources told Business Recorder. According to M/o PD&SI, power generation capacity of Pakistan has significantly increased in the last decade. As of June 2022, the total installed capacity was around 43,775MW and power generation was 153,874 GWh. Two-thirds of the net dispatched energy is generated through import based costlier…

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IMF board to review Pakistan tranche on Jan 11

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IMF-board

WASHINGTON/KARACHI: The Inter­national Monetary Fund (IMF) has included Pakistan on its Executive Board agenda for January 11, as reported on its updated website. During this meeting, the board is set to deliberate and potentially grant final approval for the disbursement of the next $700 million tranche under the existing $3 billion Stand-By Arrangement (SBA). According to the IMF Executive Board calendar, upcoming meetings are scheduled for Jan 8, 10 and 11, with Pakistan’s case slated for discussion on the last day. The current IMF programme, amounting to $3bn, is expected…

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Fuel oil exports jump 116pc in first half as domestic demand slumps

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Pakistan-LNG

KARACHI: Pakistan exported a record amount of fuel oil in the first half of the current financial year, surpassing the total exports of the previous year, as domestic demand plunged due to a shift to cleaner energy sources, data from the oil sector showed on Monday. The country exported around 600,000 tonnes of fuel oil from July to December 2023, surpassing the total exports of 277,000 tonnes for the entire fiscal year that ended June 30, 2023, the data showed. Fuel oil exports surged in November and December, when local…

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Country braves blackouts as faults mar Guddu TPH generation

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Uch-Power.

ISLAMABAD: The entire country is facing hours of load shedding due to massive shortfall in generation owing to frequent tripping in South Punjab and faults in Guddu Thermal Power House. According to Power Division, due to dense fog, NTDC faced tripping of 500 kV and 220 kV Transmission Lines in the vicinity of Guddu. “One of the poles of 500 kV Circuit Breaker was damaged but the faulty part was isolated from the healthy system immediately and switch yard was energized,” claims Power Division. Irregularities in Guddu thermal power station:…

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NTDC supports conversion of Lalpir, Pakgen to Thar coal

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Power-generation

ISLAMABAD: National Transmission and Despatch Company (NTDC) has supported conversion of M/s Lalpir (LP) and Pakgen (PG) into Thar coal, saying that operating LP and PG would certainly improve voltage stability and increase short-circuit power in the Mepco region. In a letter to Managing Director, PPIB, Deputy Managing Director- System Operator (SO), Ali Zain Banatwala stated that the technical and commercial viability of the proposal / concept paper submitted by M/S Lalpir Power Limited depends on the future expected utilization / dispatch of Lalpir and Pakgen which, in turn, depends…

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