Category: Highlights

Another 90 paisas per unit have been approved as monthly Fuel Charges Adjustment (FCA) for January 2021, continuing with the trend that started in July 2020. The monthly FCA so far in FY21 has averaged a little over Re1 per unit. With international energy commodity prices moving sharply north, it appears the upcoming monthly FCAs could well be on the higher side. Bulk of the January 2021 FCA is allowed on provisional basis, as the month saw highest RFO based generation in over two years – and the highest for…

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ISLAMABAD: Power Division is said to have opposed payment of Net Hydel Profit (NHP) to provinces on the basis of the AGN Kazi formula, saying that it will increase circular debt by Rs 500 billion per annum, well-informed sources told Business Recorder. The opposition of the AGN Kazi formula was one of the reasons for the removal of former Secretary Power, Irfan Ali who retired as OSD last month as he was not given any posting after removal from the post of Secretary Power. The government has realized circular debt…

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PESHAWAR: In an important development for the country’s energy sector, the Khyber Pakhtunkhwa government has signed a contract agreement for the construction of 300-megawatt Balakot Hydropower Project with a Chinese company. As per details, the 300MW power project would be constructed with an estimated cost of Rs850 billion in a period of six years with financial assistance from the Asian Development Bank. A ceremony to this effect was held on Tuesday with Chief Minister Khyber Pakhtunkhwa Mahmood Khan as chief guest. Concerned authorities from the Pakhtunkhwa Energy Development Organization and the…

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ISLAMABAD: Pakistan auto parts industry has urged the government to review Electric Vehicle (EV) policy owing to severe implementation gaps, Munir Bana, Chief Executive of Loads Limited, a leading auto parts manufacturer said on Wednesday. While arguing for the review of EV policy, he said that as per Pakistan’s economic survey, Pakistan electricity production is still 58.4 percent dependent on thermal sources, such as Coal, LNG, RLNG and furnace oil. Without changing the mix in energy sector, CO2 emissions will only shift from vehicle tail pipes in urban city centers…

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KARACHI: The inaugural ceremony of the solar power generation project at the University of Karachi held at the Arts Auditorium of the institution , ARY News reported on Wednesday. Sindh’s Law and Environment Adviser Barrister Murtaza Wahab reached the university to attend the ceremony. The solar power generation system will save precious funds of the university being spent to pay electricity bills of the city’s main public sector university. Solar panels with 30 KW capacity for power generation have been installed at the Arts Faculty of the Karachi University, according…

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