Year: 2024

CASA-1000 Power Transmission System: Key Stakeholders Convene in Turkiye

Admin
power-subsidy

ISLAMABAD: The Joint Working Group (JWG) on CASA-1000 is meeting representatives from the World Bank, international financial institutions (IFIs), and donors on November 21-22, 2024, in Istanbul, Turkiye. The discussions aim to address critical issues hindering the completion of the CASA-1000 power transmission system, sources informed Business Recorder. Project OverviewInitiated in 2006 and formalized through agreements in 2008, CASA-1000 facilitates the transportation of surplus electricity from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan during May-September. The system also includes bi-directional capabilities for energy transmission from Pakistan to Central Asian Republics…

Read More

Pakistan Unveils Carbon Market Policy to Boost Green Investment

Admin
Climate-Change

KARACHI: Pakistan has introduced a groundbreaking framework to operationalize carbon markets, emphasizing its commitment to global climate goals and sustainable development. The newly finalized Carbon Market Policy was launched during the high-profile event ‘Launch of Pakistan’s Carbon Market Policy & Panel on Coordinated Access to Net Zero Development Financing Through Paris-Aligned Carbon Markets’ at COP29 in Baku. Cabinet approval is anticipated next month. The policy provides a regulatory framework to attract green investments and accelerate Pakistan’s shift to a low-carbon economy. Coordinator to the Prime Minister on Climate Change, Romina…

Read More

Power Sector Recovery: Discos Cut Losses by Rs69 Billion in Q1 FY25

Admin
Chinese-power

ISLAMABAD: Pakistan’s state-run Power Distribution Companies (Discos) have achieved notable progress in the first quarter (July-September) of fiscal year 2024-25, slashing losses by Rs69 billion and boosting bill recovery rates to 91%, up from 84% in the same period last year. The Power Division reported that the growth of circular debt slowed significantly, rising by just Rs11 billion between July and October, compared to a staggering Rs301 billion increase during the same period last year. These improvements reflect enhanced financial management and operational efficiency within the energy sector. In fiscal…

Read More

Roof Solar Panel Tariff May Drop to Rs7.5-11 Per Unit Under Net Metering Reforms

Admin
Solar-Power

ISLAMABAD: The government is considering reducing the buyback tariff for electricity generated by rooftop solar panels to Rs7.5-11 per unit, down from the current rate of over Rs21 per unit. This adjustment, prompted by a significant decline in solar panel prices, aims to align with the evolving energy landscape. Under the proposed changes, six units of rooftop solar electricity would be equivalent to one unit of grid electricity, compared to the current two-to-one ratio. Solar consumers would also face higher night-time grid electricity costs, rising to Rs60 per unit from…

Read More

Nepra Projects Rs1.6 Drop in Average Power Tariff Amid Sector Challenges

Admin
NEPRA-Office

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has forecasted a Rs1.6 per unit reduction in the national average power tariff for the upcoming months due to quarterly adjustments. This decrease comes as the Rs1.74 per unit quarterly adjustment (QTA) from the March-July period expires. During a public hearing led by Nepra Chairman Waseem Mukhtar, officials clarified that Discos (power distribution companies) had initially sought an additional Rs6.4 billion QTA, translating to an increase of 36 paisa per unit. However, Nepra’s calculations, corroborated by the Central Power Purchasing Agency (CPPA),…

Read More