Month: August 2024

Senate Committee Demands IPP Agreement Copies Amid Power Sector Crisis

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Power-sector

ISLAMABAD: The Senate Standing Committee on Power, led by Senator Mohsin Aziz, has requested copies of all Independent Power Producers (IPPs) agreements since 1994, alongside details of sponsors, amendments, heat rates, and comparative regional pricing. This move is part of a broader effort to address the critical issues affecting Pakistan’s power sector, which Senator Aziz described as a matter of national security and emergency. Committee’s Focus: The Committee held its first meeting on July 12, 2024, with the minutes released on August 1, 2024. The Power Division is to provide…

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PM Forms Task Force for Power Sector Reform

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Shahbaz-Sharif

ISLAMABAD: In a decisive move to tackle the enduring financial and operational issues plaguing Pakistan’s power sector, the Prime Minister has established a high-level task force focused on implementing structural reforms. This initiative aims to alleviate the “financial burden on the federal government” and create an “efficient, liquid, and self-sustaining competitive power market,” according to a notification issued on Sunday. Leadership and Composition: Chairman: Federal Minister for Power Sardar Awais Ahmad Khan Leghari.Co-Chairman: Muhammad Ali, former caretaker federal energy minister, now serving as the premier’s special assistant on power.National Coordinator:…

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Sindh govt set to distribute 2lac solar kits among low-income families in 30 distts: Murad ShahAgreement signed for distribution of SHS kits

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murad-ali-shah

KARACHI (Aug 3): “Sindh Chief Minister Syed Murad Ali Shah, speaking at the signing ceremony of framework agreements for solar systems, said that 200,000 Solar Home Systems (SHS) would be provided to low-income households selected through the Benazir Income Support Program (BISP) data in all districts of the province.” He said that by the end of October first batch of 50,000 SHS kits would reach Karachi for onward distribution. The ceremony was held at CM House and was attended by Minister Energy Syed Nasir Shah, PSCM Agha Wasif, Secretary Energy…

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Pakistan to Draft Dam Safety Act Inspired by Regional Legislation

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Mangi-Dam

ISLAMABAD: The Ministry of Water Resources has initiated the process of drafting a Dam Safety Act, modeled after similar laws enacted in Bangladesh and India. This update was shared with the Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan, following directives from the committee’s previous meeting. In the last meeting, the committee instructed the Ministry to create a Dam Safety Act in line with regional practices observed in India and Bangladesh. During discussions on the Right Bank Outfall Drain (RBOD) project, Minister for Water Resources, Musadik Malik,…

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NEPRA Approves Rs6.69 Billion Negative Adjustment for K-Electric for Apr-Jun 2023 Quarter

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved a negative adjustment of Rs6.69 billion for K-Electric (KE) for the April-June 2023 quarter under the Quarterly Tariff Adjustment (QTA) mechanism. This adjustment will be incorporated into the new Multi-Year Tariff (MYT) for the period 2023-24 to FY 2029-30. The authority conducted a hearing regarding KE’s quarterly adjustment request on October 19, 2023. NEPRA stated that KE’s claim of Rs16.264 billion in write-offs requires further analysis and has thus not been included in the current adjustment. Additionally, Rs3.093 billion already…

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