Category: Shortcode

NEPRA Endorses Formation of Independent System and Market Operator (ISMO)

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Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has endorsed the creation of an Independent System and Market Operator (ISMO) by merging the Central Power Purchasing Agency (CPPA-G) and the National Power Control Center (NPCC). This move is contingent on resolving certain issues to ensure smooth and independent operation, sources close to NEPRA’s Chairman informed Business Recorder. NEPRA’s support follows a July 5, 2024, letter from the Power Division regarding the operationalization of ISMO. The restructuring aligns with the National Electricity Policy, National Electricity Plan, and decisions by the Cabinet…

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Power Sector Overhaul: Addressing Major Bottlenecks Underway

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power-fleet

ISLAMABAD: The Power Division has initiated efforts to address 23 critical issues in Pakistan’s generation, transmission, and distribution systems, sources revealed to Business Recorder. These proposed reforms have been presented to the Prime Minister and the Special Investment Facilitation Council (SIFC). In generation, the focus areas include substituting imported fuel, optimizing fuel and capacity utilization, reducing the capacity payment burden, and privatization. Transmission improvements are targeting the North-South transmission capacity and governance enhancements. A significant concern is the power sector’s circular debt, which exceeds Rs 2.4 trillion, with only Rs…

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Government Plans Feasibility Study for Power Export to China

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power-sector

ISLAMABAD: The government has decided to conduct a feasibility study on exporting electricity to China, involving the Chinese firm M/s Three Gorges, according to sources from the Power Division. This decision was made during a meeting led by Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, to finalize strategies for the upcoming high-level visit to Russia. The meeting, which included discussions on various bilateral issues, emphasized the importance of enhancing connectivity and security for transport routes. The Ministry of Railways highlighted three key rail routes to improve trade links…

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Government to Privatize Three Power Firms

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Chinese-power

ISLAMABAD: Privatization Minister Abdul Aleem Khan announced on Saturday that three power companies will be privatized, emphasizing a transparent and timely process. In a meeting of the Privatisation Commission Board, issues related to the privatisation of Discos and other state-run companies, including Pakistan International Airlines, were discussed. The board unanimously decided to privatize three power generation companies in the first phase, with all legal matters to be completed by January next year. The board also approved hiring financial advisers for these Discos to move the process forward. Minister Khan highlighted…

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Power Division Denies Free Electricity for Lawmakers

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Power-Projects

ISLAMABAD: The Power Division has denied allegations that parliamentarians receive free electricity, stating in an official announcement that no such facility is provided to lawmakers or any government institution. The denial follows a privilege motion submitted by several MNAs who were accused of availing free electricity. The MNAs clarified that they pay rent and cover their own electricity and gas bills for accommodation at the Parliament Lodges. Amid circulating reports in the media, the MNAs met with NA Speaker Ayaz Sadiq, requesting him to issue a rebuttal and address the…

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