Author: Admin

Denmark to Launch 3-Year Strategic Cooperation Program with Pakistan’s Power Sector

Admin
power-sector-in-pakistan

ISLAMABAD, 23 July 2025 — Denmark will initiate a three-year Strategic Sector Cooperation (SSC) programme with Pakistan’s power sector, starting January 1, 2026, to enhance technical expertise and accelerate the country’s energy transition. Danish Ambassador Jacob Linulf confirmed that the initiative—spearheaded by the Danish Energy Agency (DEA)—will focus on long-term energy planning, integration of variable renewable energy (VRE), and improving industrial energy efficiency. The SSC aims to support Pakistan in developing a more efficient, reliable, and sustainable power system. To formally launch the program, a high-level Danish delegation led by…

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PAC Grills Power Division Over Soaring Costs, Load shedding, and Sector Mismanagement

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Power-sector

ISLAMABAD, 23 July 2025 — The Public Accounts Committee (PAC) launched a scathing critique of the Ministry of Energy during a detailed review of audit objections, highlighting skyrocketing electricity costs, unchecked growth in capacity payments to independent power producers (IPPs), prolonged load-shedding, and stalled development projects. Chaired by MNA Junaid Akbar Khan, the PAC questioned officials from the Central Power Purchasing Agency (CPPA-G) on the exponential rise in IPP capacity—from 9,765MW in 2015 to 25,642MW in 2024—and the corresponding surge in annual capacity payments from Rs141 billion to Rs1.4 trillion.…

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91% of New Renewable Projects in 2024 Outcompeted Fossil Fuels on Cost: IRENA

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Solar-wind

IRENA Report Confirms Renewables’ Global Cost Leadership Amid Grid, Financing Challenges Abu Dhabi, 23 July 2025 — The International Renewable Energy Agency (IRENA) has confirmed that 91% of new renewable energy projects commissioned in 2024 were cheaper than the most affordable fossil fuel alternatives. In its latest Renewable Power Generation Costs in 2024 report, IRENA highlights that renewables are now the world’s most cost-effective power sources—delivering economic, environmental, and security benefits globally. Onshore wind emerged as the most economical technology at USD 0.034/kWh, while solar PV followed at USD 0.043/kWh—making…

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President FPCCI Meets Field Marshal Syed Asim Munir NI (M) Along With Trade & Industry’s Delegation

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asim munir

Karachi: Atif Ikram Sheikh, President FPCCI; President ECO-CCI and VP CACCI, has said that FPCCI extends its deepest and most heartfelt gratitude to Field Marshal Syed Asim Munir, NI (M), for graciously meeting with the trade and industry delegation led by Dr. Gohar Ejaz, a prominent business man and former federal caretaker minister & SM Tanveer We salute the Field Marshal’s exemplary commitment to engagement with the business community – demonstrating both patience and concern for economic issues faced by the businesses and the people of Pakistan, he added. During…

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Audit Exposes Rs244 Billion Power Billing Scam Involving Eight DISCOs

Admin
Power-sector

ISLAMABAD: A shocking audit by the Auditor General of Pakistan has uncovered a massive electricity overbilling scandal involving eight power distribution companies (DISCOs), defrauding consumers of Rs244 billion during the 2023–24 fiscal year. The report reveals that Islamabad Electric Supply Company (Iesco), Lahore (Lesco), Hyderabad (Hesco), Multan (Mepco), Peshawar (Pesco), Quetta (Qesco), Sukkur (Sepco), and Tribal Areas Electric Supply Company (Tesco) overbilled consumers to conceal line losses, electricity theft, and operational inefficiencies. In a single month, five of the companies overcharged 278,649 consumers by Rs47.81 billion. Over 900 million extra…

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