ISLAMABAD: As citizens struggle with soaring electricity bills, a high-level business delegation is set to meet President Asif Ali Zardari on Thursday to address concerns about the excessive capacity charges levied by independent power producers (IPPs) and their impact on the economy. Led by Gohar Ejaz, Chairman of the Economic Policy and Business Development Think Tank, the delegation from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will include 45 presidents of various chambers of commerce and industries. The FPCCI plans to challenge the IPP agreements in the…
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Nepra Warns Against Forced Revisions of Power Contracts, Urges Adoption of New Technologies
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has cautioned against the forced renegotiation of power sector contracts, emphasizing the potential future repercussions. Nepra Member Law Amina Ahmed stressed the legal and practical constraints of revisiting closed transactions with independent power producers (IPPs) at a public hearing regarding an additional Rs2.63 per unit fuel cost for electricity consumed in June. Ahmed highlighted the negative impact of campaigns against contractual obligations and advised that any perceived mistakes in contract agreements should be formally addressed rather than reopening settled deals. She also…
Read MoreDeadline for July and August Bills Extended Following Overbilling Accusations Against Discos
ISLAMABAD: Amidst accusations of widespread overbilling by power distribution companies, including K-Electric, Prime Minister Shehbaz Sharif has extended the deadline for payment of July and August electricity bills by 10 days. An inquiry by the National Electric Power Regulatory Authority (Nepra) revealed that all distribution companies had been overcharging consumers from April to June 2024. In response, Nepra ordered the companies to adjust bills on a pro-rata basis and replace faulty meters. Additionally, consumers who paid inflated bills, including late payment surcharges, will receive compensation. The Ministry of Energy confirmed…
Read MoreGovt Announces Reduction in Petroleum Prices
Islamabad, Pakistan – In a move to provide relief to citizens, Prime Minister Muhammad Shehbaz Sharif has approved a reduction in the prices of petroleum products, effective immediately. According to a notification issued by the Ministry of Finance, the price of diesel has been decreased by Rs 10.86 per liter, while the price of petrol has been reduced by Rs 6.17 per liter. Additionally, the price of kerosene has been slashed by Rs 6.32 per liter, and light speed diesel by Rs 5.72 per liter. This decision comes as a…
Read MoreConsultative workshop on Sindh’s solar-wind hybrid project
SEPRA likely becoming functional by August end to remarkably reduce electricity tariff for Sindh’s domestic, industrial consumers: Nasir Hussain Shah Karachi: Sindh Energy Minister, Syed Nasir Hussain Shah, has said the electricity prices for domestic and industrial consumers in the province will significantly be reduced with Sindh Electric Power Regulatory Authority (SEPRA) likely becoming functional by end of next month to take over tariff determination affairs in Sindh.The Energy Minister stated this on Monday while speaking as the chief guest at a consultative workshop on “Solar Wind Hybrid Project B2B…
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