A worker has an air cooler for delivery to a client during the heat wave in Ahmedabad, India, May 30, 2024. – Reuters In 2024, extreme heat waves in India, China and the United States sparked a massive increase in the use of air conditioning devices (AC), doubling the growth in electricity demand in certain … Read more
A technician fixes new electricity meters in a residential building in Karachi, Pakistan, May 13, 2010. – AFP Govt in talks with the banks to borrow RS1.3TN to facilitate circular debt. Negotiations in progress to finalize the term sheet to obtain a loan. The secretary of power says that Govt trying to reduce taxes on … Read more
The registered office of the National Electric Power Regulatory Authority (NEPRA) can be seen. – Facebook @ nepra / file The Nepra orders the disco to follow the court decision on the implementation of the FCA. The adjustment applies to most categories, with the exception of Lifeline, others. The FCA revises electric prices according to … Read more
An illustration of the Azad Pattan hydroelectric project on the Jhelum river, in the Jammu-et-Cachemire of Azad. —X / @ asimbajwaispr / file The officials say that Govt managed to obtain relief from RS1,43 per unit. Until now, the future payments of RS1,400 billion have been saved, the officials say. They say 496 MW given … Read more
PTI supporters hold portraits of the founder of the Imran Khan party during a rally in Peshawar. – AFP / File Lahore DC rejects PTI’s plea, citing security problems. Decision taken to “maintain the situation of public order”, explains DC. Earlier, LHC orders DC to decide on the advocacy of PTI at 5 p.m. In … Read more
“It’s Steve Tasker, a touch journalist for the Super Bowl 47. If you expect to hear our friend Jim Nantz, it may be a moment before he reaches.” When the audio of Super bowl XLVII between the 49ers of San Francisco and the Ravens of Baltimore suddenly cut at the beginning of the third quarter … Read more
A power transmission tower in Karachi, Pakistan, January 24, 2023. – Reuters NEPRA admits companies to invoke the non-compliance of performance references. MEPCO was sentenced to a fine so as not to meet security and service standards. The regulatory body orders the complete landing of steel structures within three months. Islamabad: fines totaling 63 million … Read more
This undated image shows a view of the electrical network towers. – Reuters / File Restructuring of circular debt to reduce power prices. 16.26 billion dollars of the debt under the restructuring plan. Govt Eyes RS5.1 per relief unit via lending loan. Islamabad: The government has launched efforts to convert circular debt (CD) in the … Read more
A view of K-Electric’s head office in Karachi. — K-Electric website/file Nepra criticizes KE’s dependence on NTDC for supplies. Calls launched to revoke KE generation license. The company is seeking an FCA refund of Rs 4.96 per unit. ISLAMABAD: Karachi residents and industrialists expressed their frustration with K-Electric (KE) at a public hearing on Wednesday, … Read more
Federal Minister for Energy (Power Division) Awais Leghari gestures during an interview in this undated photo. — X/Government of Pakistan The government is looking at captive and bagasse power plants for cost savings. Domestic electricity rates are already reduced by Rs4 per unit. Minister criticizes K-Electric’s Rs 500 billion profit claim. ISLAMABAD: Federal Minister for … Read more
An aerial view of a unit at the Chashma Nuclear Power Plant (CNPGS). — PAEC Website/File The plant’s financing structure includes 19% equity and 81% debt. Project cost of Rs 1.125 billion includes EPC cost of Rs 965.8 billion Return on equity was sought at 14.50% per annum. The National Electric Power Regulatory Authority (Nepra) … Read more
ISLAMABAD: The Senate Standing Committee on Industry and Production on Thursday asked whether the government would purchase power from solar consumers at Rs 9 per unit, while expressing concerns over “potential lobbying by independent power producers (IPPs) )” against solar policy. The upper house panel met under the chairmanship of Senator Aon Abbas Buppi to … Read more