Author: Admin

Govt Projects Rs1.57 Trillion Savings via Tariff Cuts for Power Plants under Hybrid Model

Admin
Power-Plant

ISLAMABAD: The government on Thursday unveiled revised contract terms for four state-owned power plants, aiming to save approximately Rs1.567 trillion over the long term by transitioning to a ‘hybrid take-and-pay’ tariff model. However, it did not clarify how the corresponding revenue shortfall would be addressed. During a public hearing held by the *National Electric Power Regulatory Authority (Nepra), it was revealed that two major LNG-based power plants — *Balloki and Haveli Bahadurshah (each over 1,200MW) — have operated without insurance coverage since commissioning in 2016, drawing strong criticism from Nepra…

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ADB: Pakistan Suffers $2 Billion in Annual Losses from Climate Disasters

Admin
Asian-bank

ISLAMABAD: Pakistan incurs average annual losses exceeding $2 billion due to climate-related disasters, significantly impacting the country’s already high poverty levels, according to the Asian Development Bank’s (ADB) Annual Report 2024. Highlighting Pakistan as one of the region’s most climate-vulnerable nations, the Manila-based lender stated that women and other vulnerable groups bear the brunt of these disasters. To enhance resilience, the ADB approved a $500 million policy-based loan in 2024 to improve disaster preparedness, planning, and response in Pakistan. The initiative includes risk mapping, modelling, public-private financing mobilisation, and the…

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Stakeholders push for swift implementation of competitive power market

Admin
power market

KARACHI: Leading stakeholders from Pakistan’s energy and policy landscape convened at a high-level multi-stakeholder dialogue hosted by Renewables First, Pakistan’s think tank for energy and environment, on Wednesday in Islamabad to assess the financial and technical readiness for operationalising a competitive electricity market. The event brought together senior government officials, legislators, regulators, development partners and power sector experts to chart a course for implementing the long-delayed competitive trading bilateral contracts market (CTBCM) reform. The CTBCM, already approved by the Economic Coordination Committee and the National Electric Power Regulatory Authority (Nepra),…

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Energy minister fires seven NTDC officials over project delays

Admin

Energy Minister Awais Leghari, has ordered the immediate dismissal of seven senior officials from the National Transmission & Despatch Company (NTDC) over negligence and delays in critical infrastructure projects, the Power Division announced on Wednesday. Among those removed are Deputy Managing Director, two General Managers, Chief Financial Officer, and three chief engineers. The move follows a high-level performance review meeting, during which the minister expressed serious concern over inefficiencies and their mounting economic cost. “The NTDC board has been directed to show zero tolerance for delays,” Leghari said in the…

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