Category: Shortcode

‘No change in peak and off-peak hour electricity timings’

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IPPs-dues

LAHORE: The Pakistan Solar Association (PSA) has claimed that there have been no alterations to the timings for peak and off-peak hours. According to a spokesperson of the association, PSA has been inundated with inquiries from member companies and stakeholders within the Pakistan solar industry concerning purported changes to the time of use tariff for customers of DISCOs (distribution companies). After weeks of speculation fuelled by incorrect news items circulating on social media and unofficial sources, the PSA takes this opportunity to clarify that there have been no alterations to…

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Rs4.96/unit hike in base power tariff: Govt plea filed with Nepra for unified tariff notification

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power-tariff

ISLAMABAD: The federal government has taken swift action to address consumer-end tariff recommendations of power distribution companies (Discos), including K-Electric. The government has filed an ‘Instant Motion’ with the National Electric Power Regulatory Authority (Nepra) aiming at establishing a uniform schedule of tariff for power consumers by incorporating targeted subsidies and rationalising inter-distribution companies’ tariffs. Notably, on July 14, Nepra announced a substantial increase in the electricity base tariff for the fiscal year 2023-24, allowing for a Rs4.96 per unit rise. The move will collect Rs3.281 trillion from power consumers…

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Agri tube-wells: Govt to implement solarisation project in phase-wise manner

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solarisation-project

ISLAMABAD: The government has decided to implement Prime Minister’s National Programme for solarisation of agri tube-wells project of Rs 377.2 billion in a phased manner and on equal sharing basis to be divided between federal government, provincial government and beneficiary farmers. On July 11, 2023, Ministry of Planning, Development and Special Initiatives briefed the Executive Committee of National Economic Council (ECNEC) that the project was considered by the CDWP in its meeting held on July 6, 2023 which recommended (i) the umbrella PC-I to ECNEC for either of the options.…

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Power Div says it has no control over Discos

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Power-control

ISLAMABAD: Power Division said on Friday that its administrative powers to interfere in internal affairs of Distribution Companies (Discos) have been done away with after promulgation of new law about State Owned Entities (SOEs) Governance and Operations, 2023. “Our role in Discos’ affairs has been curtailed. Discos Boards have been made independent in decision making. We have no control over Discos. We just issue notifications of Boards,” said Additional Secretary Power, Arshad Majeed Mohmand while responding to questions raised by members of Sub-Committee of National Assembly Standing Committee on Power.…

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Pakistan phasing out imported fuels from power generation mix

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power-generation

KARACHI: Pakistan is gradually reducing its reliance on imported fuels to address the main cause of depleting foreign reserves, with May numbers showing a significant decline in the share of furnace oil in the energy mix. The country is currently grappling with a historic financial crisis as its foreign reserves dwindle, leaving only enough to cover one month’s worth of import bills. According to NEPRA’s Indicative Generation Capacity Expansion Plan (IGCEP) 2022-31, the share of furnace oil (FO) in the energy mix significantly decreased in May. In the 11 months…

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