Author: Admin

Leghari’s Comments on K-Electric’s Multi-Year Tariff Stir Debate

Admin
K-Electric

ISLAMABAD: Recent statements by Minister of Energy Sardar Awais Leghari concerning K-Electric‘s seven-year Multi-Year Tariff (MYT) have ignited debate, raising concerns among industry stakeholders and analysts. The minister’s suggestion to reduce KE’s tariff under the new MYT to “protect” Karachi residents has left experts questioning its practicality and impact. Industry analysts point out that under Pakistan’s uniform tariff policy, electricity rates are standardized nationwide, rendering changes to KE’s MYT unlikely to affect consumers’ bills directly. “Even if KE’s utility tariff is lowered, consumers in Karachi will continue to pay the…

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Pakistan and Iran Extend Electricity Sale Agreement with Revised Terms

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Pak-iran-1

ISLAMABAD: Pakistan and Iran have agreed to extend their electricity sale agreement, with the new pricing set between 7.7 to 11.45 cents per kWh. The agreement follows successful negotiations between the Central Power Purchasing Agency–Guaranteed (CPPA-G) and Iran’s Tavanir, reliable sources revealed. The previous agreement, which expired on December 31, 2024, facilitated the import of 100 MW of electricity from Iran to supply Balochistan’s border areas. Payments were made through informal channels or under barter trade arrangements. The Prime Minister’s Office had requested updates on the renewal of the agreement,…

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The Current pricing structure is detrimental to the Global LNG industry. Long-term contracts involve substantial financial obligations, creating challenges. Financial speculation intensifies price volatility in the spot market, undermining the long-term development of the LNG industry.

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LNG industry.

Hedge funds and algorithmic trading have significantly amplified market instability, capitalizing on fear to drive speculative trades. It resulted in artificial price spikes, disconnecting it from fundamental supply and demand dynamics. Physical buyers have faced liquidity crises. Unregulated trading platforms exacerbated market instability by facilitating unchecked speculation. Speculative trading volumes far exceed actual consumption, artificially inflating TTF prices, decoupling from fundamentals, and disrupting global pricing benchmarks including Asian LNG Market. The LNG industry’s “use it or lose it” model is driven by need for continuous operations to justify its high…

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Senate Panel Briefed: Talks with 16 IPPs Nearing Conclusion, Farmers Demand Lower Tariffs

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New-IPPS

ISLAMABAD: Negotiations with 16 Independent Power Producers (IPPs) are expected to conclude by the end of January, following the termination of contracts with five IPPs, a senior Power Division official informed the Senate Standing Committee on National Food Security and Research on Wednesday. The termination of these agreements is projected to save Rs440 billion annually, with further benefits anticipated from ongoing discussions. A task force has also been established to minimize power generation costs. During the meeting chaired by Senator Syed Hussain Tariq, Kissan Ittehad President Khalid Mehmood Khokhar raised…

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Government to Establish ‘Minerals Division’ for National Development

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Minerals-Division

ISLAMABAD: The federal government has decided to establish a dedicated Minerals Division to accelerate the development of the country’s mineral sector, informed sources revealed. Prime Minister Shehbaz Sharif has formed an Inter-Provincial Committee (IPC) to oversee this initiative. Chaired by Federal Minister for Law and Justice Azam Nazir Tarar, the committee includes Federal Minister for Investment Bilal Azhar Kayani, secretaries from various ministries, representatives from Gilgit-Baltistan and Azad Jammu and Kashmir, and private-sector mineral experts. The committee will draft comprehensive Terms of Reference (ToRs) for the proposed Minerals Division, detailing…

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