Month: May 2024

Power Distribution Companies Seek Nepra’s Approval for Rs51.88 Billion Recovery

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

State-owned power distribution companies (Discos) have formally requested the National Electric Power Regulatory Authority (Nepra) to approve the recovery of Rs51.88 billion from consumers. This recovery is attributed to various adjustments for the third quarter of fiscal year 2023-24, spanning from January to March 2024. A significant portion of this amount, constituting 60.4% or Rs31.35 billion, comprises capacity charges from power consumers to be paid to private power generators. Once Nepra establishes the additional charges per unit for Discos, these will also apply to K-Electric customers. Aligned with federal government…

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E&P Companies Push for Depletion Allowance Amidst Regulatory Challenges

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oil and gas

In a bid to bolster hydrocarbon exploration and production (E&P) in Pakistan, companies are urging the government to grant a 15% depletion allowance on ageing fields, advocating for a waiver on the additional 15% wellhead value. This plea comes amidst discussions to ease the windfall levy on gas and condensate, emphasizing the need for incentives to optimize operations in mature fields. Sources reveal that E&P firms are highlighting the economic viability challenges posed by ageing fields, stressing the importance of cost-effective strategies like artificial lift systems ranging from $0.3 million…

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Empowering Communities: Battery Storage Revolutionizes Renewable Energy in Pakistan

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Solar-wind

A recent study unveils the transformative potential of Battery Energy Storage Systems (BESS) when integrated with solar and wind power, promising a substantial drop in electricity costs to as low as 6-8 cents per unit. Released under the title “Integrating Battery Storage with Renewables: A Techno-economic Analysis,” this study is a collaborative effort between Renewables First and the Policy Research Institute for Equitable Development. The study’s insights showcase how this hybrid approach not only drives down costs but also extends energy access to remote communities beyond the national grid. At…

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Grid vs rooftop: the energy debate

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solar-panel

Pakistan’s total electricity consumption, as measured in terms of sales, has decreased to 112.9 TWh in FY2023 from 124.6 TWh in FY2022 The recent hype and chaos around net-metering and the roof-top solar taxation fiasco has brought the power sector of Pakistan to the brink of another planning conundrum. Pakistan’s total electricity consumption, as measured in terms of sales, has decreased to 112.9 TWh in FY2023 from 124.6 TWh in FY2022. This 10 per cent decrease in electricity consumption is causing screens to flash red warning at the NTDC and…

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World Bank’s Ongoing Support for Energy Sector Reforms Applauded by Pakistani Ministers

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Federal Minister for Petroleum Dr. Musadik Malik and Federal Minister for Power Awais Leghari recently met with Martin Raiser, South Asia Regional Vice President of the World Bank, to discuss ongoing reforms and support in the energy sector, as per a press release. During the meeting, both sides exchanged ideas on the reform agenda and highlighted the technical assistance provided by the World Bank to Pakistan. Dr. Malik expressed deep gratitude for the World Bank’s consistent support, particularly in structuring governance models and separating tariffs for different income groups. He…

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