Category: Shortcode

Ministry of Finance (MoF) has urged the Power Division to clear Tariff Differential Subsidy (TDS) claims with all codal formalities in place to avoid late payment surcharge (LPS) and other issues of Karachi Electric (KE). According to Finance Ministry, for the CFY 2021-22, Rs.56 billion has been earmarked on account of Tariff Differential Subsidy (TDS) KE under Power Division’s demand, whereas Rs.5.138 billion has been additionally provided to KE under the Prime Minister’s Relief Package of Rs.5/kWh, totalling Rs.61.138 billion. An amount of Rs.15.620 billion has been released by Power…

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With more than Rs300 billion in stuck up dues, more than two dozen Chinese firms operating in Pakistan on Monday said that they would be forced to shut down their power plants this month unless payments were made upfront. This was the overwhelming theme of a meeting presided over by Minister for Planning and Development Ahsan Iqbal with more than 30 Chinese companies operating under the flagship multi-billion-dollar China-Pakistan Economic Corridor (CPEC) in various areas including energy, communication, railways and others. There was a plethora of complaints, including those relating…

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A new World Bank study based on current projections says Pakistan needs to carry out competitive bidding for more than 11 gigawatts (GW) of solar and wind power capacity between now and 2028 to ensure that future procurement of variable renewable energy is carried out strategically, transparently, and at least-cost. Unfortunately, competitive bidding for new power capacity in Pakistan has yet to be implemented, delaying the expected benefits to consumers in terms of lower generation costs and the much-needed transition to a more secure, sustainable and affordable electricity sector, the…

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The World Bank (WB) has invited Pakistani authorities for negotiation of $341.5 million loan to set up 300-MW floating solar project at Tarbela – Ghazi Barotha complex, official sources told Business Recorder. The Floating Solar Projects (FSPs) will supply zero emission electricity to meet peak daytime demand in summer and facilitate storage of water in the Complex to meet peak demand in the winter. The proposed project focuses not only on deployment of the first FSPs but also on technology transfer, innovation, research, and technical capacity building for hybrid operation of…

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China’s electricity sector has been undergoing a clean revolution over the past few years, primarily driven by exceptional growth in wind and solar power. However, rising wind and solar power create the need to reconfigure the electricity system to accommodate a changing generation mix while ensuring supply security. The main focus of the 14th Five-Year Energy Plan is to facilitate such a system-wide change, where coal will step down into a supporting role before its complete phaseout.22 April 2022 – by Muyi Yang and Achmed Shahram Edianto China’s 14th five-year…

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