Category: Shortcode

Discos to charge Rs4.567/unit extra in February

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power-e-unit

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) granted approval on Friday for the state-run power distribution companies (Discos) to levy an extra Rs 4.567 per unit on the bills of power customers for February 2024. The additional charges were sanctioned by the regulator in light of fuel charges adjustment (FCA) of December 2023. This decision is expected to impose a financial burden of approximately Rs 33.88 billion on consumers, with the potential to rise to nearly Rs 40 billion when the 18 per cent General Sales Tax (GST) is…

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Nepra too concerned about rising tariff?

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Nepra-KE-1

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) acknowledged that amid the historically highest inflation in the country, the extraordinary increase in the price of electricity has badly disrupted life of an ordinary man. The Power Regulator in its State of Industry (SIR) 2023 report explained the reasons for the power sector’s dismal performance during the year, starting from government’s action to depreciate the Rupee, take and pay and underutilization of efficient capacity. Pakistan’s total installed capacity stood at 45,885 MW in 2023. According to the report, over the years, Pakistan…

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PM gives green light for PARCO MD hiring

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Parco-board

Summary sent to cabinet for formal approval of MD’s appointment ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar has given the green light to appoint Irteza Qureshi as the new regular managing director of Pak Arab Refinery Limited (Parco). He is currently working as the deputy managing director (DMD). According to sources, eight potential candidates had been shortlisted during the first phase for the slot of Parco MD. Two candidates were from the Engro Group, one from contractor company Schlumberger, two from Parco, one from K-Electric and one from Sui Southern…

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Nepra seeks Discos’ overhaul to tackle electricity challenges

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NEPRA

• Releases damning State of Industry Report, asks govt to end cross-subsidy, taxes within tariff• Criticises revenue-based loadshedding ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has asked the government to abolish cross-subsidies and multiple taxes within electricity tariffs. It also urged the government to start breaking up distribution companies and introduce private sector competition down to the feeder level to enhance efficiency and reduce the unaffordable burden on consumers. In its damning State of Industry Report 2023 released on Friday, the regulator criticised the government-sanctioned practice of revenue-based loadshedding, highlighting its…

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