ISLAMABAD: As the circular debt has touched Rs 656 billion, six Independent Power Producers (IPPs) have served notices of non-payment to Central Power Purchasing Agency Guaranteed (CPPA-G), well-informed sources in PPIB told Business Recorder. “We have received copies of notices of non-payment sent to Central Power Purchasing Agency Guaranteed (CPPA-G) under respective Power Purchase Agreements […]

KARACHI: Sindh Water Commission (SWC) on Monday urged to provide uninterrupted supply of electricity to energize water supply and sewerage schemes across the province and asked Federal Secretary Energy to take appropriate measures in this regard. Certain schemes are non-functional for want of electricity connections and there are many more schemes, which require uninterrupted supply […]

ISLAMABAD: A Special Senate Panel on Monday questioned the creation of a Rs22 billion power sector revolving fund as a special arrangement to make preferred payments to power producers and investors under the China-Pakistan Economic Corridor (CPEC). Senator Shibli Faraz of Pakistan Tehreek-i-Insaf, who heads a special senate committee on circular debt, said he was […]

ISLAMABAD: The federal government is to direct National Electric Power Regulatory Authority (Nepra) to include Rs 20 billion in tariff to be arranged from banks under the names of Discos, well informed sources told Business Recorder. Giving the details, sources said Government of Pakistan and Government of China entered into China Pakistan Economic Corridor (CPEC) […]

ISLAMABAD: Doing business is getting tougher with each passing day. The power sector policy is now determined by deals concluded with private power producing companies. The electricity they generate is the most expensive produced in this region. It will be right to say the power is being ‘produced’, instead of ‘added’ to the national system […]

QUETTA: People of the entire Makran division are living without power for nearly a month as Iran has cut electricity supply to the region. The people living in areas of Balochistan bordering Iran have been facing the worst kind of power crisis as the Iranian government cut power supply to the entire Makran region since […]

LAHORE: Power shortfall has reached 3000 megawatts due to increase in demand for electricity in the city. According to the National Tariff and Despatch Company (NTDC), the overall demand for electricity is 21,000MW while its production is 18,000MW. Meanwhile, sources in the Lahore Electric Supply Company (LESCO) pointed out that the Company was facing a […]

HUB: A delegation of the Private Power and Infrastructure Board (PPIB) conducted a visit of the China Hub Power Generation Company’s site where the coal-fired power plant is under-construction. The delegation included PPIB Director Project (Coal) Ali Nawaz and Senior Manager Project (Coal) Nasir Jamal among others. On the occasion, the delegation was apprised of […]

ISLAMABAD: The new government will be facing the challenge of making the power sector economically viable by dealing with circular debt, improving transmission and distribution system and changing fuel mix for generating the electricity at affordable price. Sources in the Finance Ministry stated that elements which contributed to buildup of circular debt by end-June 2018 […]

LAHORE: The Lahore Chamber of Commerce and Industry has expressed deep concern over rising energy crisis and demanded of the authorities concerned to act promptly and control the circumstances immediately. LCCI President Malik Tahir Javaid said that power outages, coupled with faults in distribution system and rising circular debt, are making way for a challenging […]

ISLAMABAD: The Chief Executive Officer of Engro Powergen Thar Limited (EPTL), Ahsan Zafar Syed has announced that Pakistan has made history by achieving successful connection of its two 330MW power plants with the National Grid for the back-feed power supply required for the plant start-up. As per the plan, the power plants are required to […]

ISLAMABAD: Senate Standing Committee on Power on Thursday sought draft of new Power Purchase Agreement (PPA) between Karachi Electric (KE) and Central Power Purchasing Agency-Guaranteed (CPPA-G) for 650 MW of electricity. The power purchase agreement between KE and CPPA-G (former NTDC) expired on 25 January 2015 and so far the two parties have yet to […]