Tag Archives: Power Ministry

The Ministry of Energy on Monday received a poor response from the private sector in its latest attempt to sell three government-owned power plants commonly known as GPPs, receiving a bid for only one of the facilities. State-run power generation companies (GENCOs) have now initiated the second phase of a …

Aftab Maken The National Electric Power Regulatory Authority (NEPRA) has directed the Power Division to address the concerns of the industrial sector regarding inconsistent power supply. Due to frequent disruptions in grid electricity, many industries are now seriously considering reverting to Captive Power Plants (CPPs), despite their higher operational costs. …

A consortium of 15 banks has agreed to lend the federal government Rs 1,272 billion to help eliminate further piling up of circular debt in the power sector. According to details, the consortium is prepared to provide the loan at an interest rate 0.9% lower than the market rate. The …

ISLAMABAD: In a major overhaul of the country’s power sector, the government is drawing up a 10-year electric policy focused on cutting electricity costs, eliminating circular debt, and gradually stepping away from state monopoly in power procurement, according to sources in the Energy Ministry. The long-term roadmap under preparation aims …

Federal Minister for Energy, Awais Leghari, announced that the government will no longer remain the sole entity responsible for electricity procurement. The private sector is now being introduced into the buying and selling of electricity, while the Guddu and Nandipur power plants are undergoing privatization. During a press conference, Awais …

In a significant move to provide relief to the public, Prime Minister Shehbaz Sharif has announced a substantial reduction in electricity prices. The new rates will see a decrease of Rs 7.41 per unit for domestic and Rs 7.59 per unit for industrial consumers. A special ceremony was held in …

Prime Minister Shehbaz Sharif is set to unveil significant reforms in the power sector tomorrow, marking a crucial step towards addressing key challenges in the energy industry. According to sources, the Prime Minister is expected to announce a reduction in electricity tariffs, with a proposed decrease of Rs 6 to …

The National Electric Power Regulatory Authority (NEPRA) has concluded its hearing on the tariff revision requests submitted by the Central Power Purchasing Agency (CPPA) and seven Independent Power Producers (IPPs). The final decision on consumer relief will be announced once NEPRA completes its review of the relevant data. During the …

The National Electric Power Regulatory Authority (NEPRA) has directed DISCOs and K Electric to meticulously review their records and rectify any inaccuracies in the Maximum Demand Indicator (MDI) data stored in their historical files. This directive aims to prevent overcharging of fixed fees based on erroneous MDI calculations. According to …

Aftab Maken In a significant development, the Government has decided to withdraw proceedings initiated by NEPRA against Independent Power Producers (IPPs) for abnormal profits and excess savings in fuel and operations & maintenance (O&M) costs. Additionally, the government has terminated the agreement with PakGen Power Limited and included KAPCO in …