Month: March 2025

Govt, Banks Near Rs 1.23 Trillion Deal to Resolve Power Sector Circular Debt

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Circular-Debt

ISLAMABAD: The government and commercial banks are reportedly finalizing a Rs 1.23 trillion loan agreement aimed at resolving Pakistan’s power sector circular debt. The deal includes Rs 5.23 billion in fresh exposure and the restructuring of Rs 700 billion in existing loans at a lower interest rate, according to sources. A Power Division team recently held talks with commercial banks in Karachi, emphasizing the urgency of the situation. Following the discussions, banking representatives met with Finance Ministry officials to negotiate terms. Key Details of the Deal:Loan Consortium: 15-20 commercial banksRepayment…

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DISCOs Seek 30-Paisa Per Unit Tariff Reduction for February FCA

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power-unit

ISLAMABAD: Electricity consumers may see a 30-paisa per unit reduction in power tariffs as distribution companies (DISCOs) have requested a downward adjustment in fuel charges adjustment (FCA) for February 2025. The National Electric Power Regulatory Authority (NEPRA) has scheduled a public hearing on March 26 at NEPRA Tower, with online access available for stakeholders. The request, filed by the Central Power Purchasing Agency Guarantee Limited (CPPA-G) on behalf of DISCOs, proposes a reduction of Rs0.2984 per unit, bringing the FCA below the reference fuel cost of Rs8.5276 per unit. February…

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Thar Coal Power: Cheaper Than Hydropower, Says SSRL CEO

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Thar-coal

KARACHI:* Power generation from Thar’s Block-1 is significantly more cost-effective than hydropower, with a production cost of just *Rs5.52 per unit, stated *Sino Sindh Resources Pvt Ltd (SSRL) CEO Li Jigen during a public hearing held by the Thar Coal and Energy Board (TCEB) on Thursday. The hearing, conducted by *TCEB Managing Director Tariq Ali Shah, **Presiding Officer Ammar Habib Khan (Member Finance/Power), and **Dr. Fahad Irfan Siddiqui (Member Mining Thar Coal Tariff Determination Committee), focused on SSRL’s petition for determining the *commercial operations date (COD) stage tariff for its…

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PCMA Chairman Chinoy Condemns Proposed Cuts in Net Metering Rates for Solar Electricity

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solar-electricity

Karachi: Chairman of the Pakistan Chemicals & Manufacturers Association (PCMA), Ahmed Chinoy H.I, S.I, strongly condemns the proposed reductions in net metering rates for solar electricity in Pakistan. This move poses a serious setback to the nation’s clean energy transition, undermining progress in solar adoption among households and businesses while threatening energy security, environmental sustainability, and economic viability for thousands of consumers. Net metering has played a crucial role in empowering consumers to generate their own clean electricity and contribute surplus power to the national grid, reducing dependence on costly…

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Thar coal: TCEB holds public hearing on SSRL’s tariff plea

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natural gas prices

DOHA: Qatar began supplying Syria with gas via Jordan, state media in the gas-rich country reported Thursday, as Damascus’s new leadership seeks economic relief for the war-torn country long prone to power cuts. “Qatar has started today providing… natural gas supplies to the Syrian Arab Republic through the territories of the Hashemite Kingdom of Jordan,” the Qatar News Agency (QNA) reported. The new authorities in Damascus, who seized power from longtime ruler Bashar al-Assad in December, have sought to rebuild the country’s infrastructure and economy after almost 14 years of…

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