LAHORE: Despite reduction in the consumption of power in Lahore Electric Supply Company (Lesco) areas, mainly due to rains, loadshedding on high loss feeders is going on. Also, individual complaints related to faults in 100kV and 200kV transformers, 11kV power distribution and low tension wires are also on the rise as Lesco’s field staff seems […]

ISLAMABAD: Pakistan Muslim League-N government primarily focused on imported liquefied natural gas (LNG) and coal for power generation instead of cheaper fuel including hydel power generation which accounts for the rise in the price of electricity. Former Prime Minister Shahid Khaqan Abbasi, who was earlier Minister of Petroleum, was the main supporter of using imported […]

ISLAMABAD: After almost five years, the fuel cost of electricity has started increasing the monthly bills owing to higher international oil prices and changes in benchmarks to consumers’ disadvantage. On Wednesday, the National Electric Power Regulatory Authority (Nepra) allowed an increase of Rs1.25 per unit in consumer tariff for ex-Wapda distribution companies (Discos) on account […]

ISLAMABAD: Payables to the power generators have crossed over Rs573 billion with Rs324 billion shortfall between the billed amount and recoveries of distribution companies during July-April 2018 of the current fiscal year. Sources in the Finance Ministry said that the rise in gap between billed amount and recoveries has been causing serious financial problems for […]

ISLAMABAD: A delay on part of the Power Division to reveal actual demand for liquefied natural gas (LNG) from power producers may be benefiting oil importers and lead to production of expensive electricity that will force consumers to pay a higher tariff. According to the merit order based on revised petroleum product prices that came […]

MOSCOW: A Russian official has been arrested on suspicion of passing information to NATO member Romania about energy deliveries to Moscow-annexed Crimea, Russian media reported Monday. Russia has had difficulty supplying electricity to the Crimean peninsula, which was almost wholly dependent on electricity from Ukraine at the time of Moscow’s annexation in 2014. Karina Tsurkan, […]

ISLAMABAD: The Attorney General of Pakistan and Power & Finance Division are expected to finalize a strategy on the Karkey dispute as experts in international law urge Pakistan to resolve the dispute through negotiations to avoid high costs. Bilal Ahmer Sufi, an expert in international law while talking to Business Recorder urged Pakistan to settle […]

ISLAMABAD: The power shortfall on Monday peaked to a record high of over 9,000 megawatts (MW), leading to prolonged power outages in the country. The situation exposing claims of the Pakistan Muslim League-Nawaz government to bring a massive turnaround in power fortunes. Former prime minister Shahid Khaqan Abbasi had claimed on May 30, one day […]

ISLAMABAD: A special panel of the Senate and the Power Division have agreed in principle to outsource all high loss-making feeders for metering, billing and collection of bills on 50:50 sharing on incremental revenue. This is part of detailed recommendations finalised by a technical committee of the Senate led by Nauman Wazir in consultation with […]

KARACHI: Six mega infrastructure development projects under China-Pakistan Economic Corridor (CPEC) doled out more jobs to locals than foreigners, a study revealed. The Chinese surpassed by Pakistanis in terms of getting the jobs and this fact brushed aside the impression that Chinese would hijack the jobs created under various projects. The CPEC Center of Excellence […]

ISLAMABAD: Failure to adopt a holistic approach to effectively deal with the power crisis by focusing only on generation while ignoring the sector’s financial stability or improving the transmission and distribution system is the major reason behind the continuing crisis in the sector. This was stated in Aaj TV Programme “Paisa Bolta Hai”’ with Anjum […]

ISLAMABAD: The Pakistan Muslim League (PML-N) government left office with receivables from power defaulters amounting to a massive Rs851 billion. According to audited figures compiled a few days ago, receivables from power defaulters stood at Rs729.8 billion in June 2017, which jumped to Rs851 billion by the end of April this year, weighing on the […]