Author: Admin

Pakistan to Draft Dam Safety Act Inspired by Regional Legislation

Admin
Mangi-Dam

ISLAMABAD: The Ministry of Water Resources has initiated the process of drafting a Dam Safety Act, modeled after similar laws enacted in Bangladesh and India. This update was shared with the Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan, following directives from the committee’s previous meeting. In the last meeting, the committee instructed the Ministry to create a Dam Safety Act in line with regional practices observed in India and Bangladesh. During discussions on the Right Bank Outfall Drain (RBOD) project, Minister for Water Resources, Musadik Malik,…

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NEPRA Approves Rs6.69 Billion Negative Adjustment for K-Electric for Apr-Jun 2023 Quarter

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved a negative adjustment of Rs6.69 billion for K-Electric (KE) for the April-June 2023 quarter under the Quarterly Tariff Adjustment (QTA) mechanism. This adjustment will be incorporated into the new Multi-Year Tariff (MYT) for the period 2023-24 to FY 2029-30. The authority conducted a hearing regarding KE’s quarterly adjustment request on October 19, 2023. NEPRA stated that KE’s claim of Rs16.264 billion in write-offs requires further analysis and has thus not been included in the current adjustment. Additionally, Rs3.093 billion already…

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Pakistan Considers Importing Coal from Kyrgyzstan to Bolster Energy Supply

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coal-project

ISLAMABAD: Pakistan is exploring the possibility of importing coal from Kyrgyzstan for power generation, a temporary measure until power plants can transition to Thar coal, according to sources from Business Recorder. The Ambassador of Pakistan to Kyrgyz Republic recently met with Talaibek Baigaziev, Kyrgyz Deputy Minister of Energy, to discuss potential energy cooperation between the two countries. During the meeting, Baigaziev expressed satisfaction with the resumption of the CASA-1000 project, anticipating its completion by the end of 2026. He also mentioned the Kyrgyz Energy Minister’s interest in a phone call…

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CCOP Approves Sale of Six Loss-Making Power Firms; Consumers to Bear Rs200 Billion Burden

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Power-Projects

ISLAMABAD: The Cabinet Committee on Privatisation (CCOP) has approved the sale of six of the highest loss-making power distribution companies and four power generation companies, which collectively incur annual losses exceeding Rs200 billion. This decision, aimed at reducing the financial strain on the power sector, indicates that consumers will continue to face high electricity bills to cover these losses. The CCOP, led by Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar, reiterated its commitment to privatizing 24 state-owned enterprises (SOEs) over the next five years. Despite this decision,…

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Karachi Residents Face New Municipal Utility Charges in Electricity Bills

Admin
Your-Bill

KARACHI: In a move that adds to the financial burden of Karachi’s residents, the Karachi Metropolitan Corporation (KMC) has formally notified the collection of the controversial Municipal Utility Charges and Tax (MUCT) through K-Electric (KE) bills. This new charge will cost residents up to Rs400 extra in their electricity bills for the current month. Officials from both KMC and KE have confirmed the implementation of MUCT, which is expected to generate over four billion rupees annually for the city’s municipal administration. A KMC official stated that KE consumers will see…

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