Category: Shortcode

country had failed to do long-term planning in the energy sector

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energy-sector1

KARACHI: Pakistan needs to adopt sustained and consistent energy policies to provide cheap and reliable electricity to its people, a panel of experts and stakeholders said. The panel discussion, organized by the Policy Research Institute for Equitable Development (PRIED), focused on the challenges and opportunities of using solar power in high-loss feeder areas, where load shedding and electricity theft are rampant.Abu Bakar Ahmed, secretary Energy Sindh government’s energy department, said that the country had failed to do long-term planning in the energy sector and had relied on costly sources such…

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Discos trim FCA to Rs1.58 for July on public outcry

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public-outcry

ISLAMABAD: Amid public criticism over efficiency and regulatory standards in the power sector resulting in unbearable electricity costs, the Central Power Purchasing Agency (CPPA) on Wednesday slightly lowered its demand for additional fuel cost adjustment (FCA) to Rs1.58 per unit — instead of Rs2.07 —for electricity consumed in July. At a public hearing organised by the National Electric Power Regulatory Authority (Nepra), the CPPA representatives reported that a petition for Rs2.07 per unit had been filed on behalf of ex-Wapda Distribution Companies (Discos) to mop up Rs30 billion in September…

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Chinese coal operator threatens Thar extraction

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KARACHI: China Machinery Engineering Corporation (CMEC), the operator of a Chinese coal mine in Thar block-II, has issued a warning that it will cease coal extraction activities unless its outstanding receivable of $50 million is settled by September 10, 2023. CMEC conveyed its concerns to Sindh Engro Coal Mining Company (SECMC) in a letter, revealing that it has not received any payments in August, and its overdue receivables reached $50 million at the end of July 2023. The timing of this payment ultimatum coincides with Thar coal emerging as a…

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SC moved against PPIB (amendment) Act

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Matiari-Lahore

ISLAMABAD: The Supreme Court has been urged to declare the Private Power and Infrastructure Board (Amendment) Act, 2023, repugnant to the constitution; hence quashed as void abinitio. Saeeda Begum, on Wednesday, filed a petition under Article 184(3) of the constitution and cited the federation through the secretary Establishment, the federal government through secretary Ministry of Energy, chairman National Energy Power Regulatory Authority (Nepra), MD Private Power and Infrastructure Board, and secretary Ministry of Defence as respondents. She also prayed that the management and provision of electricity be declared the function…

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Power utilities have no role in setting prices: K-Electric

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k-electric

KARACHI: K-Electric spokesperson reiterated that the company understands the prevailing concerns regarding the rising electricity prices and shed light on the fact that power distribution companies operate in a regulated environment in the country and that electricity rates and applicable taxes are determined by NEPRA and the honourable Government of Pakistan. As such, any stipulated changes will be applicable across the board on all DISCOs (Distribution Companies), including K-Electric. Further, he mentioned that KE’s profitability or loss is not linked with an increase or decrease in electricity prices or taxes…

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