Solar IPPs: Hike in benchmark competitive tariff proposed

solar-panel

ISLAMABAD: Ministry of Planning, Development and Special Initiatives (M/o PD&SI) has proposed increase in benchmark competitive tariff of solar IPPs to Cents 5/kWh from Cents 3.4108/kWh determined by Nepra to replace costlier thermal power through large scale solar IPPs, well informed sources told Business Recorder. According to M/o PD&SI, power generation capacity of Pakistan has significantly increased in the last…

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No let-up in rise of circular debt: Amount owed to Chinese IPPs crosses Rs400bn mark

Chinese-power

ISLAMABAD: The circular debt owed by Independent Power Producers (IPPs) of Chinese companies has crossed the Rs400 billion mark, making it hard for the Chinese to continue other power sector projects vigorously. The circular debt for the overall power sector had escalated and crossed the Rs2.6 trillion mark by the end of October 2023. “There is no possibility to restrict…

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PSA calls for continued support of net metering

solar-energy

LAHORE: The Pakistan Solar Association (PSA) has issued a resounding call to action, urging authorities and stakeholders to maintain their support for net metering as a critical element of the nation’s sustainable energy future. Net metering stands as a cornerstone in the shift toward clean and affordable energy, aligning Pakistan with the global transition to solar power. The PSA has…

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Power projects under CPEC: Contract renegotiation proposals may again be floated

CPEC-IPPs

ISLAMABAD: Pakistan is likely to again float proposals to Chinese government for renegotiation on contracts of power projects established under CPEC on the pattern of other IPPs or to purchase 1200-MW electricity from Pakistan for onward supply to power deficient Afghanistan. This idea is under active consideration at the highest level due to rising exceptional capacity payments, which has choked…

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CPEC IPPs: Finance Division asks PD to adjust Rs20.726bn as advance payment

CPEC-IPPs

Finance Division has once again advised that Power Division may adjust the advance payments to CPEC-IPPs against next five months of FY 2023-24 ISLAMABAD: The Finance Division has asked the Power Division to adjust Rs 20.726 billion as advance payment to CPEC IPPs against next five months of current financial year (2023-24) as decided by the federal government, official sources…

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Govt disburses Rs142bn to settle IPPs’ dues

IPPs-dues

ISLAMABAD: The federal government has disbursed Rs142 billion to over a hundred Independent Power Producers (IPPs) in order to settle their outstanding dues and lessen the burden of power sector circular debt. The payables to these power generators had reached a staggering Rs1.77 trillion by the end of May 2023, marking an increase of Rs420 billion since July 2022. Notably,…

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PPIB Decides to Drop Litigations Against IPPs on Reciprocal Basis

power-gride

Confidential Power and Framework Board (PPIB) has apparently chosen to pull out all suits/prosecution against Free Power Makers (IPPs) dependent upon corresponding activity by them, all around informed sources told Business Recorder. PPIB’s Ventures’ Panel, sources said, has presented its suggestions to the Leading body of PPIB headed by Secretary Power, for conclusive endorsement. Overseeing Chief PPIB Shah Jahan Mirza…

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