Author: Admin

Govt Revises Tariffs with 14 IPPs, Secures Rs813 Billion in Savings

Admin
New-IPPS1

ISLAMABAD: The government has successfully renegotiated tariffs with 14 Independent Power Producers (IPPs), securing Rs813 billion in savings for consumers and addressing circular debt amounting to Rs329 billion. As part of the agreement, the IPPs have agreed to return Rs31 billion in excess profits, a reduction from the initial Rs55 billion claim. Additionally, the government has decided to close investigations by the National Accountability Bureau (NAB) and the National Electric Power Regulatory Authority (NEPRA) against certain IPPs, including Nishat Power Limited, Nishat Chunian Power Limited, Liberty Power Tech Limited, and…

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Power Consumers May Get Rs1.03 Per Unit Relief as NEPRA Reviews Fuel Cost Adjustment

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New-NEPRA

ISLAMABAD: Electricity consumers are poised to receive a relief of Rs1.03 per unit under the fuel cost adjustment (FCA) for December 2024, pending approval by the National Electric Power Regulatory Authority (NEPRA). During a public hearing, the Central Power Purchasing Agency-Guarantee (CPPA-G) highlighted that seasonal adjustments had contributed to lower electricity prices. However, the prolonged shutdown of the 969MW Neelum-Jhelum Hydropower Plant has deprived consumers of cheap electricity, impacting overall tariff reductions. Additionally, the non-operation of the 747MW Guddu power plant was questioned, but CPPA-G did not provide a clear…

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Govt Seeks to Integrate Captive Power Plants into National Grid with SLAs

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New-Project32

ISLAMABAD: In an effort to absorb surplus electricity capacity and enhance industrial reliance on the national grid, the Power Division has directed all public and private electricity distribution companies to sign Service-Level Agreements (SLAs) with captive power plant (CPP) consumers. The initiative aims to ensure a stable, high-quality power supply to industries while holding distribution companies accountable for reliability standards. Under the draft SLA, power companies must maintain a 99% reliability rate and compensate CPP consumers at Rs10,000 per hour for voltage and frequency deviations. Additional penalties of Rs50,000 apply…

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“Pakistan’s Solar Boom: 22 GW Imported in 18 Months, 10% Drop in Grid Demand”

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New-Project31

Islamabad: Pakistan is witnessing an unprecedented solar revolution as communities and businesses take charge of their energy needs, outpacing government policies and traditional infrastructure. With a staggering 22 GW of solar panels imported in just 18 months, the country is undergoing a massive shift towards decentralized solar solutions. However, sustaining this momentum requires urgent policy reforms, infrastructure upgrades, and market mechanisms. At the Great Solar Rush Conference 2025, held at Serena Hotel, Islamabad, Senator Sherry Rehman highlighted the urgency of aligning policies with this people-driven transformation. “Pakistan has emerged as…

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Textile Industry Calls for Swift CTBCM Implementation with Low Wheeling Charges

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textile-industry

ISLAMABAD: The textile industry has urged the government to expedite the implementation of the Competitive Trading Bilateral Contract Market (CTBCM), ensuring a multi-seller, multi-buyer model with minimal wheeling charges of 1-1.5 cents per unit to boost industrial productivity. In a letter to Secretary Petroleum Momin Agha, the All Pakistan Textile Mills Association (APTMA) stressed that the CTBCM framework must exclude extraneous costs, such as cross-subsidies and stranded costs, which are unrelated to CTBCM consumers. Proposal for Direct LNG ImportsAPTMA also proposed allowing the textile sector to directly import 100 mmcfd…

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