Category: Shortcode

Power Outage in Peshawar Following Grid Station Shutdown

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power-sector

PESHAWAR: A technical fault at the Rehman Baba grid station on Friday disrupted power supply to over 72,000 households in Peshawar. This issue arose when protesters forcefully restarted feeders that had been switched off by the Peshawar Electric Supply Company (Pesco) for scheduled load shedding. Pesco reported that protesters entered the grid station around 2 pm, forcibly turning the feeders back on, which led to a technical fault. The disruption affected 32 feeders, impacting over 72,000 power connections. The protesters also harassed staff members and confiscated their mobile phones. Efforts…

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Nepra Imposes Fixed Monthly Charges on Domestic Consumers Starting July 1

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Nepra

ISLAMABAD: Starting July 1, 2024, the National Electric Power Regulatory Authority (Nepra) will implement a new electricity tariff structure, introducing fixed monthly charges ranging from Rs200 to Rs1,000 for domestic consumers. This adjustment, aimed at bolstering DISCOs’ revenue, will affect five residential consumer categories based on monthly unit consumption. Domestic consumers using 301-400 units per month will incur a fixed charge of Rs200. Those consuming 401-500 units will pay Rs400, while consumers using 501-600 units will be charged Rs600. For those consuming 601-700 units, the fixed charge will be Rs800,…

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Government Sacks DISCO Boards Amid Massive Losses; Seaports Declared Strategic Assets

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power-subsidy

ISLAMABAD: The government has once again sacked the boards of nine power distribution companies (DISCOs) in light of their significant fiscal losses, amounting to Rs589 billion this year. This marks the second time within a month that the Cabinet Committee on State-Owned Enterprises (CCoSOEs) has taken this action, following previous decisions thwarted by political pressure. Additionally, the government has designated Pakistan’s three major seaports, including Gwadar, as strategic assets. The CCoSOEs appointed retired bureaucrat Himayat Ullah Khan as chairman of the boards for Peshawar, Hazara, and Tribal Areas DISCOs. The…

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Power Production Sees First Increase in 7 Months; Fuel Costs Drop

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Power-Projects

KARACHI: In May 2024, Pakistan’s power sector recorded its first increase in electricity production in seven months, rising by 3% year-on-year to 12,617 gigawatt hours (GWh). This growth was accompanied by a notable 10% reduction in fuel costs, largely due to a surge in hydel generation, which has zero fuel cost. Despite the reduction in fuel costs, electricity distribution companies (DISCOs) are seeking a tariff increase of Rs3.41 per unit under the fuel charges adjustment (FCA) mechanism, attributing this to higher capacity charges amid lower-than-projected power consumption. Month-on-month, power generation…

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PM Directs Power Division to Develop Comprehensive Solution for KE Payment Settlement; NEPRA Announces Tariff Hearings

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power-subsidy

ISLAMABAD: Prime Minister Shehbaz Sharif has instructed the Power Division to formulate a comprehensive solution for resolving the longstanding receivables and payments between K-Electric (KE) and various government entities and departments. This directive came during a recent meeting addressing multiple power sector issues, sources told Business Recorder. The Power Division will work closely with the Cabinet Division and NEPRA to expedite the settlement of KE’s tariff claims. NEPRA has scheduled hearing dates for KE’s tariffs. The Prime Minister also ordered the Securities and Exchange Commission (SECP) to review the legality…

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