Month: January 2024

Privatisation programme: MoF opposes delisting of all Discos

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Power-generation

ISLAMABAD: Ministry of Finance (MoF) has opposed delisting of all power Distribution Companies (Discos) from the privatisation programme, suggesting that only those companies be delisted which are selected for the concession model, well informed sources told Business Recorder. Power Division, sources said, has prepared a new proposal for the Cabinet Committee on Energy (CCoE) with respect to Discos’ fate, after withdrawal of plan regarding handing them over to provinces. Finance Ministry, sources said, has floated this proposal, in its comments on a draft summary of Power Division titled “private sector participation…

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Industrial Consumers still waiting for Notification for power tariff at 9 cents/KWh President KCCI

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KCCI-Import

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has urged that in addition to immediately releasing the already earmarked Rs7 billion against previous incremental consumption package, the government must also arrange the remaining Rs21 billion as a total of Rs28 billion were pending on incremental consumption of Karachi-based industries since long despite commitments made by previous government and assurance given by Caretaker Minister for Energy Muhammad Ali during his last visit to KCCI.In a statement issued, President KCCI pointed out that the funds against the said…

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International Day of Clean Energy celebrated

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New-Project2

WWEA says Pakistan well on track for maximum utilization of its massive clean power potential Karachi The World Wind Energy Association (WWEA) has said that Pakistan is well on track in making progress to increase the production of clean electricity as the drive should continue to take advantage of an abundance of renewable power sources available in the country. WWEA Secretary General, Stefan Gsanger, appreciated Pakistan’s drive to maximize the utilization of massive indigenously available wind and solar power sources as he spoke as the guest of honour at an…

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Power Div, AJ&K lock horns over electricity rate

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power-gride

ISLAMABAD: Power Division and AJ&K government are said to have locked horns on the rate of electricity for AJ&K as the latter has been provided 350-MW electricity at the rate of Rs 2.59 per unit for 15 years, well informed sources in Ministry of Water Resources told Business Recorder. Sharing the details, the sources said, the second meeting of the Inter-Ministerial Committee was held under the chairmanship of Federal Minister for Defence Lt General Anwar Ali Hyder (retired) on January 18, 2024. Prime Minister AJ&K along with his team attended the…

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