Author: Admin

NEPRA Seeks Power Generation Plan Amid Forecasted Hydel Reduction

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has directed the Power Division to submit a comprehensive power generation plan in light of a projected sharp decline in hydel power output, following warnings from the National Power Control Centre (NPCC) of an unfavorable summer ahead. The directive was issued during a public hearing on the Fuel Charges Adjustment (FCA) for February 2025, where the Central Power Purchasing Agency (CPPA-G) proposed a negative adjustment of 30 paisa per unit across all consumer categories. However, given that January 2025’s FCA adjustment of…

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Revised IPP Contracts to Save Rs3.5 Trillion Over 3-20 Years: Power Division

Admin
New-Project53

ISLAMABAD: The Power Division has projected savings of Rs 3.498 trillion from the renegotiation and termination of contracts with 29 Independent Power Producers (IPPs) and Government Power Plants (GPPs) over their remaining tenures, which range from 3 to 20 years. During a meeting of the Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, officials disclosed that six IPP contracts had been terminated, while revised tariff agreements were signed with nine bagasse-based power plants, including Shah Taj Sugar Mill, and 14 IPPs under the 1994 and 2002 Power Policies.…

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Pakistan Faces Unprecedented Water Shortage as Kharif Season Begins

Admin
Indus-River

ISLAMABAD: As the Kharif cropping season approaches, Pakistan is grappling with an unprecedented water crisis, with irrigation experts warning of severe consequences for agricultural output. Officials report that dam reservoirs are nearly empty, river flows have dropped significantly, and reduced snowfall in mountainous regions offers little hope for replenishment. Given these alarming conditions, the Indus River System Authority (IRSA) has decided to allocate water strictly for drinking purposes throughout April, with a review planned in May. This exceptional measure marks a departure from the usual seasonal water allocation process, as…

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Pakistan, IMF Agree on Carbon Levy, Tariff Reductions in New $8.3bn Deal

Admin
New-IMF

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have reached an agreement on a new 28-month Resilience and Sustainability Facility (RSF) worth $1.3 billion, bringing the total IMF support for the country to $8.3 billion under the Extended Fund Facility (EFF). The agreement, announced Wednesday, includes key economic reforms such as a new carbon levy, lower electricity tariffs, and reduced protectionism in the automobile sector. Subject to IMF Executive Board approval, the deal will grant Pakistan immediate access to $1 billion, increasing total disbursements under the EFF to $2 billion.…

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Govt to Reevaluate Net Metering Policy After Strong Backlash

Admin
solar-electricity

ISLAMABAD: In response to widespread criticism, the government has decided to expand consultations on the Solar Net Metering Regulations approved by the Economic Coordination Committee (ECC) and re-submit recommendations to the federal cabinet after incorporating feedback from all stakeholders. The decision was made during a *federal cabinet meeting on Wednesday, following intense backlash over the government’s March 13 move to reduce the net metering buyback rate by two-thirds to *Rs10 per unit and eliminate net billing. The changes, aimed at curbing solar net metering growth amid rising grid electricity costs,…

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