Category: Shortcode

Millions Face Inflated Electricity Bills in April-June: NEPRA Investigation

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power-sector

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has uncovered that millions of consumers across Pakistan were subjected to inflated electricity bills between April and June. This occurred as they lost access to subsidized rates and slab benefits, a direct result of extended pro rata billing practices. A report by the Power Information Technology Company (PITC) revealed that power companies, including Karachi Electric (KE), expanded pro rata billing beyond its intended scope. Initially designed to adjust bills for periods exceeding 30 days, it was instead applied to periods under 30…

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WAPDA awards Rs. 21.534 billion contract for installation of Telemetry System at Indus Basin

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New-WAPDA

System to be installed at 27 key sites for real-time discharge monitoring Pakistan Water and power Development Authority (WAPDA) has awarded contract worth Rs. 21.534 billion for installation of telemetry system at 27 key points on Indus Basin Irrigation System (IBIS) for real-time discharge monitoring. The contract has been awarded to a Joint Venture (JV) comprising CDigital and HBCC along with Siemens as Sub-Contractor in the JV. As per the contract, the telemetry system, after the installation, will be commissioned in December 2026. Chief Engineer and Project Director Indus Telemetry…

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President to Meet Business Leaders Over IPPs’ Capacity Charges

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power-sector

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

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NEPRA

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…

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Government to Reduce Petroleum Prices from August 1

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ISLAMABAD: The federal government is set to implement substantial reductions in the prices of petrol and high-speed diesel (HSD) effective August 1, 2024. According to oil marketing companies (OMCs), the price of petrol is expected to decrease by Rs6 per liter, while HSD will see a reduction of Rs11.50 per liter. Additionally, kerosene oil and light diesel oil (LDO) are anticipated to drop by Rs6.10 per liter and Rs5.50 per liter, respectively. This price cut follows a decline in international oil prices, with petrol prices falling from $89.50 to $87.50…

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