June 29, 2026
Sindh's Thar Coal Board has extended an 18 per cent guaranteed return to attract fresh mining investment, as indigenous lignite displaces costly imported fuel and a 105km rail link advances.
January 15, 2025
The Federal Cabinet has approved revised agreements with fourteen Independent Power Producers. The Cabinet, which met in Islamabad with Prime Minister Shehbaz Sharif in the chair, approved a proposal to reduce the profit and cost of these IPPs by 802 billion rupees A deduction of 35 billion rupees will be made from the additional profits of these IPPs over the past years. Under the revised agreements with IPPs, the government will benefit by 1.4 trillion rupees. Speaking on the occasion, the Prime Minister said the revised agreements with IPPs will not only save the national exchequer, and eliminate circular debt
January 15, 2025
Islamabad: The Karot Hydropower Project (HPP) stands as a model for Pakistan’s renewable energy future, balancing clean energy production, environmental stewardship, and economic development. While briefing the media and parliamentary delegation organized by “Understanding China Forum” at Karot HPP on Monday, Senior Advisor at China Three Gorges South Asia Investment Ltd (CSAIL) has said that the generation of reliable and affordable electricity will also help improve industrial productivity and support the growth of other sectors such as agriculture, manufacturing, and services, which depend heavily on consistent energy supply. Furthermore, the project’s long-term operation will reduce Pakistan’s energy import dependency, contributing
January 10, 2025
ISLAMABAD: Minister for Power Division Sardar Awais Ahmed Khan Leghari said that the government has saved Rs 1.1 trillion through negotiations with Independent Power Producers (IPPs). Addressing at the concluding ceremony of 4th International Hydropower Conference jointly organized by Energy Updates with collaboration of Private Power Infrastructure Board (PPIB), WAPDA and other stakeholders, the minister said that the government and IPPs mutually renewed the contracts in the interest of Pakistan. He said that people could not longer afford to pay the electricity bills and the government was going to revamp the entire power sector. “We are also restructuring National Transmission
October 31, 2024
ISLAMABAD: Germany has sought the intervention of Pakistan’s Chief of Army Staff, General Asim Munir, in amending a settlement agreement involving a 450MW power plant operated by Siemens. This move follows a disputed settlement agreement that German stakeholders allege they were compelled to accept, triggering diplomatic concern over investor confidence in Pakistan. According to media sources, Germany’s Ambassador to Pakistan, Alfred Grannas, formally requested General Munir’s assistance following Siemens’ enforced settlement, which requires the company to transfer the plant at a nominal cost to the Pakistani government. The government, however, asserts the settlement was mutually negotiated. Siemens holds a 26%
KARACHI: Pakistan’s electricity generation fell by 2.4% to 8,314 Gigawatt hours (GWh) in January 2024 due to low demand on the system during the winter month. However, the cost of its fuel component in total production rose a staggering 23% to Rs 13.79 per unit due to increased reliance on expensive fuels such as imported gas, furnace oil and diesel.According to data compiled by Arif Habib Limited, electricity generation fell by 2.4% in the month under review compared to 8,515 GWh in January 2023. Despite low demand in the system, Pakistan has increased generation from expensive fuel-fired power plants, while
KARACHI: Pakistan’s electricity production plummeted to a 33-month low, reaching 7,547 Gigawatt-hours (GWh) in November 2023. This decline was partly attributed to the onset of the winter season and, more significantly, the overall economic slowdown in the country. The decline in electricity generation has intensified the burden of capacity payments on end consumers. The cost of fuel in power generation rose by nearly 20% to Rs 7.17 per megawatt hour (MW). Several factors contributed to this increase, including the closing of a nuclear power plant, a doubling of the cost of local coal-fired power generation, and a significant increase in
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October 26, 2026
The Pakistan Daily
October 26, 2026
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