Category: Shortcode

Pakistan and Iran Extend Electricity Sale Agreement with Revised Terms

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Pak-iran-1

ISLAMABAD: Pakistan and Iran have agreed to extend their electricity sale agreement, with the new pricing set between 7.7 to 11.45 cents per kWh. The agreement follows successful negotiations between the Central Power Purchasing Agency–Guaranteed (CPPA-G) and Iran’s Tavanir, reliable sources revealed. The previous agreement, which expired on December 31, 2024, facilitated the import of 100 MW of electricity from Iran to supply Balochistan’s border areas. Payments were made through informal channels or under barter trade arrangements. The Prime Minister’s Office had requested updates on the renewal of the agreement,…

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Senate Panel Briefed: Talks with 16 IPPs Nearing Conclusion, Farmers Demand Lower Tariffs

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New-IPPS

ISLAMABAD: Negotiations with 16 Independent Power Producers (IPPs) are expected to conclude by the end of January, following the termination of contracts with five IPPs, a senior Power Division official informed the Senate Standing Committee on National Food Security and Research on Wednesday. The termination of these agreements is projected to save Rs440 billion annually, with further benefits anticipated from ongoing discussions. A task force has also been established to minimize power generation costs. During the meeting chaired by Senator Syed Hussain Tariq, Kissan Ittehad President Khalid Mehmood Khokhar raised…

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Government to Establish ‘Minerals Division’ for National Development

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Minerals-Division

ISLAMABAD: The federal government has decided to establish a dedicated Minerals Division to accelerate the development of the country’s mineral sector, informed sources revealed. Prime Minister Shehbaz Sharif has formed an Inter-Provincial Committee (IPC) to oversee this initiative. Chaired by Federal Minister for Law and Justice Azam Nazir Tarar, the committee includes Federal Minister for Investment Bilal Azhar Kayani, secretaries from various ministries, representatives from Gilgit-Baltistan and Azad Jammu and Kashmir, and private-sector mineral experts. The committee will draft comprehensive Terms of Reference (ToRs) for the proposed Minerals Division, detailing…

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Nepra Questions Feasibility of Gepco’s Rs100bn Investment Plan Amid Privatization Drive

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has raised concerns over the Gujranwala Electric Power Company’s (Gepco) ambitious Rs100 billion five-year investment plan, citing potential financial burdens on consumers and doubts about its feasibility. The investment plan, spanning FY2025-26 to FY2029-30, was discussed during a public hearing chaired by the Nepra chairman. The hearing comes as the government moves to privatize three major power distribution companies — Gepco, Islamabad Electric Supply Company (Iesco), and Faisalabad Electric Supply Company (Fesco) — by year-end. Nepra criticized Gepco’s financial stability, highlighting rising…

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Gas Theft in KP Reduced by 64% in FY24

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Gas-SNGPL

PESHAWAR: Khyber Pakhtunkhwa’s southern region witnessed a significant reduction in gas theft and line losses, which dropped from Rs8.8 billion in FY20 to Rs3.17 billion in FY24. However, approximately Rs8.684 million worth of natural gas continues to be stolen daily in the districts of Karak, Hangu, and Shakardara, resulting in monthly losses of Rs264.66 million. The consistent decline in losses is attributed to rehabilitation initiatives by federal and provincial governments. Over the years, transmission and distribution losses have steadily decreased: FY20: 16,164 MMCF lost (Rs8.8 billion).FY21: 10,079 MMCF lost (Rs6…

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