Author: Admin

Power Sector Recovery: Discos Cut Losses by Rs69 Billion in Q1 FY25

Admin
Chinese-power

ISLAMABAD: Pakistan’s state-run Power Distribution Companies (Discos) have achieved notable progress in the first quarter (July-September) of fiscal year 2024-25, slashing losses by Rs69 billion and boosting bill recovery rates to 91%, up from 84% in the same period last year. The Power Division reported that the growth of circular debt slowed significantly, rising by just Rs11 billion between July and October, compared to a staggering Rs301 billion increase during the same period last year. These improvements reflect enhanced financial management and operational efficiency within the energy sector. In fiscal…

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Roof Solar Panel Tariff May Drop to Rs7.5-11 Per Unit Under Net Metering Reforms

Admin
Solar-Power

ISLAMABAD: The government is considering reducing the buyback tariff for electricity generated by rooftop solar panels to Rs7.5-11 per unit, down from the current rate of over Rs21 per unit. This adjustment, prompted by a significant decline in solar panel prices, aims to align with the evolving energy landscape. Under the proposed changes, six units of rooftop solar electricity would be equivalent to one unit of grid electricity, compared to the current two-to-one ratio. Solar consumers would also face higher night-time grid electricity costs, rising to Rs60 per unit from…

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Nepra Projects Rs1.6 Drop in Average Power Tariff Amid Sector Challenges

Admin
NEPRA-Office

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has forecasted a Rs1.6 per unit reduction in the national average power tariff for the upcoming months due to quarterly adjustments. This decrease comes as the Rs1.74 per unit quarterly adjustment (QTA) from the March-July period expires. During a public hearing led by Nepra Chairman Waseem Mukhtar, officials clarified that Discos (power distribution companies) had initially sought an additional Rs6.4 billion QTA, translating to an increase of 36 paisa per unit. However, Nepra’s calculations, corroborated by the Central Power Purchasing Agency (CPPA),…

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Pakistan Unveils NEV Policy to Transition 30% Vehicles to Electric by 2030

Admin
electric-vehicles

ISLAMABAD: The government has launched a New Energy Vehicle (NEV) policy aiming to transition 30% of all new vehicles in Pakistan to electric by 2030. The policy, announced by Industries and Production Minister Rana Tanveer Hussain, includes subsidies, tax breaks, and financing incentives to promote electric vehicles (EVs) and hydrogen-powered transport. Key measures include subsidies of Rs50,000 for electric motorcycles and Rs200,000 for electric rickshaws, supported by a Rs4 billion allocation. Financing will be available at a reduced 3% KIBOR rate, with consumers paying monthly installments of around Rs9,000—lower than…

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Petroleum Production and Exports Surge in First Four Months of FY25

Admin
petrol-price

ISLAMABAD: Pakistan’s petroleum sector witnessed remarkable growth during the first four months of FY25, driven by a 30.98% surge in crude oil imports, resulting in increased production by local refineries and a significant rise in exports. According to preliminary estimates, this growth in production and exports is expected to positively contribute to the country’s economic progress in the ongoing fiscal year. Data from the Pakistan Bureau of Statistics (PBS) revealed a 16.80% increase in the value of crude oil imports and a 30.98% rise in quantity, reaching 3.137 million tonnes…

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