Cabinet Approves Revised Agreements with Eight IPPs to Slash Power Costs

Power-sector

ISLAMABAD: The federal cabinet, led by Prime Minister Shehbaz Sharif, has approved revised settlement agreements with eight independent power producers (IPPs) operating on bagasse. This move is projected to save approximately Rs240 billion for the national exchequer and reduce electricity tariffs. The decision, based on recommendations from the Ministry of Energy’s power division, involves tariff adjustments for power plants, including DW Unit I, Unit II, RYK Mills, Chiniot Power, Hamza Sugar, Al-Moez Industries, Thal Industries, and Chinar Industries. The Central Power Purchasing Agency will now seek approval from the National…

Read More

Power Companies’ Inefficiencies Cost Exchequer Rs660 Billion

Power Division

ISLAMABAD: The poor performance of electricity distribution companies in the fiscal year 2023-24 led to losses exceeding Rs660 billion for the national exchequer, according to the annual performance report by the National Electric Power Regulatory Authority (NEPRA). The report highlighted systemic inefficiencies, including high transmission and distribution (T&D) losses and low recovery rates. These inefficiencies, coupled with the operational shortcomings of both private and public power plants, imposed significant financial burdens on taxpayers and consumers. T&D Losses and Circular DebtT&D losses emerged as a critical issue, with no distribution company…

Read More

KE’s write-off claims to serve as crushing blow to Karachi’s consumers, industries

K-Electric

By Rehan Jawed Karachi is Pakistan’s economic hub, contributing 50% of the nation’s total tax revenue and producing 50% of the country’s exports. Yet, its consumers and industries bear the highest electricity costs in the country, making it increasingly difficult for them to sustain operations. Costs of Write-Off claims must not be imposed on Karachi’s consumers. If K-Electric’s financial sustainability is a priority, the federal or provincial government and NEPRA must resolve this issue without burdening Karachi’s already over paying consumers. We fail to understand why this write-off claim was…

Read More

US President-elect Donald Trump has outlined sweeping plans for his first term in office, promising to implement significant changes starting January 20, 2025.

donald trump

He reiterated his commitment to mass deportations of undocumented immigrants, including millions over the next four years, beginning with convicted criminals. Trump also emphasized his intent to end birthright citizenship, a move he plans to pursue through executive action. He vowed pardons for individuals convicted in the January 6 at*ack, describing their prison conditions as h@rsh. Trump also intends to extend tax cuts, address healthcare, and consider raising the federal minimum wage. Despite maintaining his claims of election fr@ud, he expressed a desire to focus on the future rather than…

Read More