The cabinet has approved payment of the first installment to 35 IPPs out of a total of 47. Cabinet on Tuesday approved the release of the first payment to Independent Power Producers (IPPs). Earlier, the ECC of the cabinet constituted a committee on April 28, 2021, to deliberate upon the issue of IPPs payment and…
Aftab Ahmed Islamabad: A close aide of Prime Minister Imran Khan Tabish Gauhar has alleged the PML-N government has reportedly installed a coal power plant in Sahiwal for ‘monetary gains’. Prime Minister raised a question in a high-level meeting regarding the installation of a coal power plant in Sahiwal, Tabish said that there seems no justification…
Ibn-e-Ameer Islamabad: Green energy provides a solution for cheaper power generation and the government now switches to a 50% hybrid system. With new advancements in renewable technologies, Pakistan is also focusing on producing low-cost electricity through renewable energy like solar and wind. Green energy solutions may help Pakistan overcome higher electricity rates that have become…
Aftab Ahmed Islamabad: The Economic Coordination Committee (ECC) on Wednesday formed a subcommittee to review the power subsidies to the export-oriented sector. During a meeting, Planning Commission proposed to disconnect the subsidy on the supply of gas and electricity to the export-oriented sector. It said that the export-oriented sector mainly the textile sector was already…
Aftab Ahmed Economic Coordination Committee (ECC) on Wednesday again deferred release of first tranche of payment to Independent Power Producers (IPPs) under a settlement deal. ECC held a meeting on Wednesday. Sources said that National Accountability Bureau (NAB) is already investigating into a deal with IPPs.This may be reason that ECC deferred it, sources said….
Aftab Ahmed Islamabad: Pakistan and China Wednesday signed an amendment in the agreement relating to CPEC Matiari – Lahore Transmission Line Project for extension in its commercial operations. Two sides signed Addendum /Amendment in Agreement for ±660 kV HVDC Matiari – Lahore Transmission Line Project Signed Federal Minister for Energy (Power Division) Mr. Hammad Azhar…
Aftab Ahmed The National Electric Power Regulatory Authority (NEPRA) on Friday gave a clean chit to a questionable deal between government and IPPs. The National Accountability Bureau (NAB) is currently investigating a deal and taken all records in its custody. NEPRA in another landmark decision has reduced the Return on Equity (ROE), Return on Equity…
Aftab Ahmed Adapt to change. Perhaps this is the best strategy to survive. Gauhar, Prime Minister Imran Khan’s newly appointed Special Advisor (SAPM) for Power and Petroleum seems to follow this strategy. When he was serving in K-Electric (KE), he was the best guy to back all policies of the power utility. Now, he turns…
The return on equity revision will result in savings of around Rs 182 billion Aftab Ahmed The National Electric Power Regulatory Authority (NEPRA) has reduced the rate of return on equity (ROE) of 12 thermal power plants. This will result in savings of about Rs 182 billion. The NEPRA has reduced the components of the…
At the time, the arbitration process has begun to gain steam, he objects arbitration process which appears to halt the transaction between KE and Chinese firm SEP Aftab Ahmed In a surprising move, the former Chief Executive Officer (CEO) K-Electric and advisor to Prime Minister on Power Tabish Gauhar has lashed out at the arbitration…