Category: Shortcode

High Tariffs Suppress Power Demand

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Power-Projects

KARACHI: Pakistan’s power generation dropped by 2% to 127,259GWh (14,504MW) in FY24 compared to the previous fiscal year. This decline is attributed to reduced overall economic activity and lower demand caused by rising power tariffs. Hydropower led the power generation mix, contributing 31% in FY24, up from 28% in FY23. RLNG followed with 19% (up from 17% in FY23), while coal maintained a steady contribution at 16%. Other contributors included nuclear (18%), gas (9%), wind (3%), and furnace oil (2%). Despite the overall decline, hydel and RLNG sources saw the…

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FPCCI Energy Committee Demands Audit of IPPs- Malik Khuda Bakhsh

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FPCCI-metting

Karachi FPCCI Standing Committee on Energy, under the chairmanship of Malik Khuda Bakhsh, held an emergency meeting to highlight the devastating impact of exorbitant electric charges on Pakistan’s economy and condemned these high rates. It was stated that the entire burden has been placed on the public to favor 40 IPPs. In the country, 25% of IPPs are closed, and these closed IPPs are receiving monthly payments of Rs 10 billion, causing the national economy to sink further into crisis. Additionally, IPPs are charging capacity charges of Rs 24 per…

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President SAI demands rationalization of power tariff

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KCCI-Power

KARACHI: President of SITE Association of Industry Muhammad Kamran Arbi has, in a press statement, demanded the government to seriously look into the matter of exorbitant electricity tariff for all categories of consumers, particularly export and general industries tariff and rationalize the same taking into consideration the actual cost of per unit production. He said that there is much unrest amongst business community due to very high electricity bills. The high energy tariff is fast making industries – export oriented, and otherwise – uncompetitive in the international markets where Pakistan’s…

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Complexity of Power Supply and Delivery

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power-supply-and-delivery

In addition to the belated notice of the IPPs and the killing capacity payments in PPAs with them, the complexity of the power supply and delivery business is often underestimated.This misunderstanding leads to advice from individuals, including a former minister, to renegotiate or revise PPAs on a “take-and-pay” basis instead of the “take-or-pay” arrangement, treating it as a simple fix.

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Government Finalizing New Subsidy Plan for Lifeline Power Consumers

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power-sector

ISLAMABAD: The government is finalizing a subsidy program for millions of lifeline electricity consumers nationwide through the Benazir Income Support Program (BISP). This initiative, aimed at targeting underprivileged domestic electricity consumers, will soon be presented to the Federal Cabinet for approval. According to sources, the Power Division, in collaboration with BISP, has proposed the Electricity Subsidy Program to transform untargeted electricity subsidies into targeted ones. BISP will assist the Power Division in identifying and targeting eligible families for the subsidy. In consultation with the Power Division, BISP is determining the…

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