Author: Admin

Govt to Replace Independent Directors in Power Distribution Companies

Admin
power-project

ISLAMABAD: The federal government has deemed the performance of independent directors in power distribution companies (Discos) unsatisfactory and has decided to replace them. The federal cabinet will soon approve these changes. Prime Minister Shehbaz Sharif has approved the summary for appointing new board members for nine out of eleven government electricity distribution companies, excluding Sepco and Hesco. The new appointments are as follows: Fesco: Imran Zafar (Chairman), Zoi Khurshid Khan, Engineer Parveza Qabal, Umar Farooq Khan.Gepco: Tahir Masood (Chairman), Imran Zafar, Zoi Khurshid Khan, Ilyas Ahmed, Muhammad Siddique.Lesco: Aamir Zia,…

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REAP urges the federal government to consult it before revising net-metering rules

Admin
gross-metering

The Renewable Energy Association of Pakistan (REAP) has requested the federal government to consult it as a key stakeholder in the clean power sector to obtain expert input before finalizing the revision of net-metering terms and conditions in the country. The Chairman of REAP, Nasir Latif, recently sent a letter to the Federal Energy Minister, Awais Ahmad Khan Leghari, emphasizing this need. The REAP believes that the government should revise the rules and regulations in a way that does not hinder its goal of maximizing clean energy production in the…

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OGRA DETERMINES ESTIMATED REVENUE REQUIREMENTS OF SUI COMPANIES FOR FINANCIAL YEAR 2024-25

Admin

Islamabad, May 20, 2024: The Oil and Gas Regulatory Authority (OGRA) determines the revenue requirements of sui companies for F.Y 2024-25. The average prescribed price per MMBTU of gas is recommended as Rs. 1635.90 and the decrease in price per MMBTU is Rs. 179.17 with decrease percentage of 10% for SNGPL. The financial impact of previous years’ shortfall of Rs. 580,585 million, as calculated by OGRA as against SNGPL’s claim of Rs. 862,612 million per the petition, has been referred to Federal Government for an appropriate policy decision and is,…

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Tarbela 5th Extension Project Consultants Threaten to Quit Over Non-Payment

Admin
WAPDA-MoUs

HARIPUR: The foreign consultancy firm overseeing the Tarbela 5th hydropower project (T5 HPP) has announced the suspension of its services due to a payment dispute with the Water and Power Development Authority (WAPDA), sources report. Tarbela 5th Extension Project Consultants (T5C), a consortium of Mott MacDonald England and MM Pakistan, issued a termination notice to WAPDA, citing several unpaid invoices. The contract, signed on April 13, 2019, commenced work on the 1,530 MW project in August 2021 with a completion deadline of May 2026. Mark Gill, the project manager for…

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NEPRA Approves KE’s Seven-Year Plan to Boost Renewable Energy Capacity

Admin
Nepra-Price

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric’s seven-year Power Acquisition Plan (PAP 2024-30), allowing the utility to increase its generation capacity by approximately 3,200MW, primarily through renewable energy sources. The plan includes a significant expansion of power received from the national grid, expected to nearly double from 1,100MW to 2,050MW, resulting in a projected 9% reduction in tariffs from 8.7 cents to 7.9 cents per kWh by 2030. The PAP envisions 1,200MW from renewables, 82MW from hydro, and 990MW from thermal sources. K-Electric will also benefit…

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