Month: May 2024

PM Sacks Boards of Eight DISCOs Over Rs589 Billion Losses, Enlists Military for Governance

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power-subsidy

ISLAMABAD: Prime Minister Shehbaz Sharif has dismissed the boards of eight power distribution companies (DISCOs) constituted by the previous Pakistan Democratic Movement (PDM) government. The decision follows allegations of massive financial losses amounting to Rs589 billion for the fiscal year. To address these issues, the PML-N government plans to enhance governance in these companies by involving military and intelligence agencies, invoking Article 245 of the Constitution and the Anti-Terrorism Act. A Distribution Companies Support Unit (DSU) will be established, with the first DSU set up at Multan Electric Power Company…

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Power Companies Propose Rs2.48 per Unit Tariff Increase; KE Targets 1,282 MW of Renewable Energy by 2030

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NEPRA-KE

ISLAMABAD: Electricity consumers may face another price hike as power distribution companies have requested a tariff increase of up to Rs2.48 per unit. The companies, through the Central Power Purchasing Agency (CPPA), have petitioned the National Electric Power Regulatory Authority (NEPRA) to collect an additional Rs3.488 per unit from consumers under the fuel charges adjustment (FCA) for April 2024. NEPRA has scheduled a public hearing for May 30, 2024, to address the request. The CPPA reported that 8,639 GWh of electricity was generated in April 2024 at a cost of…

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SDPI, Energy Update joint seminar on Solar Net metering

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clean-energy

Experts stress Net metering regime should assist Pakistan in rapidly achieving its clean energy transition goals The experts at a roundtable on solar net metering challenge on Friday demanded a holistic revamp of existing policy as an urgent measure for promoting solar energy as the cheapest power resource amid growing energy demand. The Sustainable Development Policy Institute and Energy Update jointly organized the roundtable discussion on “Solar Net Metering Conundrum: Adapting Solar Net Metering to Evolving Market Dynamics in Pakistan”.In his opening remarks, Dr Abid Qaiyum Suleri, Executive Director, SDPI…

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RAILBUS: A Game-Changer for Karachi’s Urban Transportation

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karachi-urban-transportation

Karachi, Pakistan – As Karachi grapples with escalating traffic congestion and pollution, the introduction of RAILBUS services promises a significant improvement in the city’s urban transportation system. This innovative solution is set to transform the mobility, environment, and economy of Pakistan’s largest metropolis. Easing Traffic Congestion Traffic congestion is a daily ordeal for Karachiites, with overburdened roads leading to frequent jams and long commute times. RAILBUS services offer a solution by providing an efficient and reliable public transportation alternative. Operating on dedicated tracks with scheduled services, RAILBUS can swiftly and…

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Government’s Effort to Implement WACOG Formula for Gas Tariffs Faces Opposition

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oil and gas

ISLAMABAD: The government’s efforts to implement the Weighted Average Cost of Gas (WACOG) formula for biannual gas tariff determination, which blends local and imported RLNG prices, have encountered significant opposition. Sindh Chief Minister has strongly opposed the formula, arguing that it violates Article 158 of the Constitution, which stipulates that the province producing the gas has the first right to use it. This sentiment was echoed by officials from the Energy Ministry, who emphasized the need for constitutional compliance. Prime Minister Shehbaz Sharif, on April 17, formed an 11-member committee…

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