Tag: power sector news

Govt rolls out plan for affordable electricity

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affordable electricity

Pakistan, June 11 — Federal Minister for Finance Senator Muhammad Aurangzeb on Tuesday said the government has developed a comprehensive plan to obtain affordable electricity, making cheaper power accessible in the coming days. During budget speech 2025-2026, he said, under this plan, savings of more than PKR 4,000 billion have been achieved, and 9,000 MW of expensive power plants, which were to be added to the national grid, have been abandoned. He informed that for 18 million deserving and protected consumers, electricity prices have been reduced by over 50%..He added…

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CPPA-G projects reduction in power purchase price by Rs 0.30 to Rs 2.25 per unit for FY 2025-26

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CPPA-G

Price reduction forecast based on varying scenarios of demand, fuel prices, and exchange rates The Central Power Purchasing Agency-Guaranteed (CPPA-G) has forecast a reduction in the Power Purchase Price (PPP) for the fiscal year 2025-26, with the projected price range spanning from a decrease of Re 0.30 per unit to Rs 2.25 per unit, Business Recorder reported.   According to the CPPA-G’s report submitted to the National Electric Power Regulatory Authority (Nepra), the reduction is based on seven different scenarios, taking into account variables such as demand, hydrology, fuel prices, and exchange rates.…

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Stakeholders push for swift implementation of competitive power market

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power market

KARACHI: Leading stakeholders from Pakistan’s energy and policy landscape convened at a high-level multi-stakeholder dialogue hosted by Renewables First, Pakistan’s think tank for energy and environment, on Wednesday in Islamabad to assess the financial and technical readiness for operationalising a competitive electricity market. The event brought together senior government officials, legislators, regulators, development partners and power sector experts to chart a course for implementing the long-delayed competitive trading bilateral contracts market (CTBCM) reform. The CTBCM, already approved by the Economic Coordination Committee and the National Electric Power Regulatory Authority (Nepra),…

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Ontario imposes 25% surcharge on electricity exports to US

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Power-sector

OTTAWA: The Canadian province of Ontario is imposing a 25% surcharge on electricity exports to New York state, Michigan and Minnesota to protest against U.S. President Donald Trump’s tariffs on Canada, Premier Doug Ford said on Monday. “President Trump’s tariffs are a disaster for the U.S. economy. They’re making life more expensive for American families and businesses,” Ford said in a statement. “Until the threat of tariffs is gone for good, Ontario won’t back down. We’ll stand strong, use every tool in our toolkit and do whatever it takes to…

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KE launches Energy Progress-Innovation Challenge

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power sector

EU Report KARACHI: Committed to fostering creativity, innovation, and localisation in the energy sector, K-Electric has launched Energy Progress & Innovation Challenge (EPIC) 2025. Building on the resounding success of its pioneering 7/11+ Innovation Challenge introduced in 2022, EPIC will unite entrepreneurs, academia, researchers, and think tanks to develop cutting-edge solutions for the energy industry. Innovators may address K-Electric’s predefined challenge statements or propose their own transformational ideas. This year’s EPIC Challenge spotlights carefully deliberated themes that align with regulatory priorities and key customer challenges, including “Tamper-proof PMT-based load-shedding solutions”…

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