Category: Shortcode

Government May Scrap 300 MW Gwadar Coal Power Project Over Delays

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coal

ISLAMABAD: The government is likely to cancel the 300 MW imported coal power project in Gwadar as the Chinese firm, CIHC Pak Power Company (Pvt) Ltd (CPPCL), has yet to make significant progress. Sources from the Private Power & Infrastructure Board (PPIB) revealed that CPPCL is demanding a further upward revision in tariff before moving ahead. PPIB Managing Director, Shah Jahan Mirza, has issued a final deadline to CPPCL, asking for a firm decision by September 18, 2024, or risk the government taking alternate action. The project has faced multiple…

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Energy Companies Agree to Lower Tariffs in Response to PM’s Request

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power-subsidy

At the request of Prime Minister Shehbaz Sharif, local energy companies, including Liberty Power Producers and Gul Ahmed Energy Power Plant, have agreed to reduce electricity production tariffs. This decision aims to provide relief to Pakistanis facing an ongoing energy crisis. Danish Iqbal, Chairman of Gul Ahmed Energy Power Plant, emphasized the shared responsibility of all stakeholders in addressing the country’s energy challenges. “Our priority is to lower electricity tariffs for the people of Pakistan,” he stated, calling for collaboration within the energy sector. Gul Ahmed Wind Power Ltd also…

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PPIB Facilitates Landmark Achievement: USD 1.7 Billion Suki Kinari Hydropower Project Completes Reliability Run Test

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The Private Power & Infrastructure Board (PPIB), as a one-window facilitator for private investment in the power sector on behalf of the Government of Pakistan, is thrilled to announce the successful commissioning of the 884 MW Suki Kinari Hydropower Project under the China Pakistan Economic Corridor – CPEC (CPEC). This milestone achievement represents a significant investment of USD 1.7 Billion.on behalf government of Pakistan MD PPIB Shah Jahan Mirza saysWe extend warm felicitations to the Chinese sponsors (Energy China), the Governments of China and Pakistan, Chinese financial institutions, Pakistani organizations,…

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Tarbela Dam Celebrates 50 Years of Vital Contributions to Pakistan’s Agriculture and Clean Energy

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dam-tarbela

ISLAMABAD: Tarbela Dam celebrates its 50th anniversary this year, commemorating five decades of crucial contributions to Pakistan’s agriculture, flood control, and clean energy generation. Completed in 1974, the dam has significantly bolstered the national economy by releasing 406 million acre-feet (MAF) of water for irrigation and generating over 590 billion units of eco-friendly electricity for the grid. As the world’s largest earth and rock-fill dam upon completion, Tarbela boasts a current installed power capacity of 4,888 MW, with ongoing expansions set to increase capacity to 6,418 MW. Despite a reduction…

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DISCOs Suffer 16% Power Losses Amid Widespread Electricity Theft in FY 2023-24

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power-gride

ISLAMABAD: The National Assembly was informed on Thursday that Distribution Companies (DISCOs) across Pakistan recorded 16% electricity losses during the fiscal year 2023-24, amidst 84,362 reported incidents of power theft nationwide. Authorities arrested 291 individuals and dismissed 47 DISCO employees for their involvement in facilitating the theft. According to a written response presented during the Question Hour, DISCOs registered 7,068 cases of electricity theft and collected arrears amounting to Rs885.4 billion. In addition, the National Assembly was briefed on the three-year loss trends for K-Electric and Hyderabad Electric Supply Company…

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