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Islamabad: The government is set to finalize a major agreement with 18 Independent Power Producers (IPPs). This agreement will transition from “take or pay” model to a “take and pay” model for electricity purchases. This change is expected to significantly cut power costs and optimize the energy payment structure. Deal Expected to Save Rs 70-100 …
Continue reading “Pakistan Govt to Finalize Deal with 18 IPPs for Cost Savings”
The National Electric Power Regulatory Authority (NEPRA) has approved a fuel charge adjustment (FCA) reduction of PKR 1.28 per unit for the month of September 2024. This decision was taken after the Central Power Purchasing Agency-Guarantee (CPPA-G) submitted a request to NEPRA. The CPPA-G had initially asked for a PKR 0.71 per unit decrease in …
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The National Electric Power Regulatory Authority (NEPRA) has approved an electricity price increase for Karachi, raising the rate by Rs3.03 per unit. This adjustment, part of the July 2024 monthly fuel price adjustment, will impact consumer bills starting in December 2024. This increase comes as K-Electric requested a higher rate, citing rising fuel costs. December …
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ISLAMABAD: Electricity demand in Pakistan has officially crashed, signaling a significant challenge for the energy sector. This drop will likely outweigh a nominal decline in fuel costs next month, resulting in a substantial increase in quarterly tariff adjustments. This situation arises despite the addition of 21,000 MW of generation capacity over the past six years, …
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ISLAMABAD: Power Minister Awais Leghari announced on Friday that the nation would soon hear good news from negotiations with independent power producers (IPPs). He emphasized that they are working to lower electricity prices. However, immediate relief is unlikely. Power Minister Awais Leghari testified before the Senate Standing Committee on Power. He mentioned that he led a …
Continue reading “Power Minister Promises Reforms and Relief in Electricity Sector”
The federal government has launched a series of initiatives aimed at reducing electricity tariffs, acknowledging the severe financial challenges facing the country’s power sector. This move comes as part of a broader effort to address the structural issues plaguing the sector, which has long been a source of concern for both policymakers and the public. …
Continue reading “Government Considers Shutting IPPs to Cut Power Tariffs”
The Korangi Association of Trade and Industry (KATI) has called on the government to immediately release a pending PKR 33 billion electricity subsidy crucial for Karachi’s industrial sector. Addressing an emergency press conference, KATI President Johar Qandhari emphasized the urgent need to address the discrimination faced by Karachi’s industries, which have been deprived of a …
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On Monday morning, a power outage hit major cities in Pakistani including Karachi and Lahore for more than 27 hours because of frequency variation in the national grid system. However, Energy Minister suggests that most of the power has been restored and will be restored quickly due to the efforts of the government and technical …
Continue reading “Karachi to Hit by Water Shortage After Electricity Breakdown”
Pakistan has been trying to conserve energy, gas, electricity, and water and for this matter, IT Ministry has devised a plan to implement the ‘One Room, One Light’ policy. A few weeks earlier, Defense Minister, Khwaja Asif also held a press conference to stress the importance of the conservation of energy by using solar panels, …
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Defence Minister Khwaja Asif has approved the energy conservation plan developed by the government to support the economy and balance energy resources. Khwaja Asif explained the plan in a press conference. Khwaja mentioned that a cabinet meeting was held to discuss the plan in detail and Prime Minister Shahbaz Sharif presided over the meeting. He …
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