Category: Shortcode

ISLAMABAD: The wrangle between the Power Division and Chairman Senate Standing Committee on Power, Senator Saifullah Abro on ADB’s project of ACSR Bunting Conductor Lot II A over a reported suspicious contract has intensified and the latter has refused to withdraw recommendations of the Committee of October 17, 2023 including the letter written by Secretary Committee. “Letter has been written in my absence and without my approval as Chairman Senate Standing Committee on Power. I totally disagree and disown the contents of the letter mentioning withdrawal of directions/ recommendations of…

ISLAMABAD: Water and Power Development Authority (Wapda) has challenged National Electric Power Regulatory AUTHOIRTY (NEPRA) decision on hydroelectric tariff determination for FY 2022-23, accusing the power sector regulator of denying justified costs. Wapda had sought increase of Rs 3.95 per unit on the basis of revenue requirement of Rs 123.315 billion for the FY 2022-23 whereas the regulator allowed an increase of Rs 2.72 per unit to generate revenue of Rs 84.925 billion, which irritated Wapda. Hydel power generation by Wapda crosses 8,000MW mark WAPDA has provided the following rationale…

ISLAMABAD: The federal government has reportedly scrapped the proposed Winter Package for industry across the country after its failure to secure nod from the International Monetary Fund (IMF), well informed sources told Business Recorder. Finance Division had also termed the “shelved” four-month electricity ‘winter package’ for industry on incremental consumption as “vague and in violation of international commitments.” Power Division had tailored three options for country-wide implementation of the four month (November 2023 to February 29, 2024) winter package for industrial electricity consumers on incremental consumption, which however, will hit other…