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Articles for tag: Capacity 10%., capacity payments, Dr. Gohar Ejaz, Electricity of Pakistan., Energy sector, Figures, Independent Power Producers, IPP, NEPRA, Pakistani Power Plants, power supply, reveal, Rs 150 billion per month, shocking, truth

July 21, 2024

News Desk

NEPRA figures reveal a shocking truth

Former Minister of Commerce and Industry Dr Gohar Ejaz while referring to the National Electricity Regulatory Authority (NEPRA) data said that at least four power plants receiving Rs 10 billion per month are running without providing any electricity. In a post shared on X (formerly Twitter) on Sunday, Dr Gohar Ejaz referred to NEPRA data from January to March this year and highlighted how a significant portion of the country’s energy budget is being misallocated. During this period, NEPRA made monthly capacity payments of Rs 150 billion to various Independent Power Producers (IPPs). According to the former minister, half of

June 2, 2024

News Desk

Industries require full restoration of power supply

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh and SITE Association of Industry (SAI) President Mohammad Kamran Arbi urged K-Electric (KE) to immediately ensure proper and complete restoration of power supply to largest industrial zone in Karachi. Expressing concern over the delay in resumption of power supply to SITE industries, they pointed out that it had been seven days since a fire incident occurred at Haroonabad grid station but KE failed to fully restore power supply to the industries, which caused heavy losses to industrialists and took a heavy toll on exports. In a joint statement

May 12, 2024

News Desk

Rashakai SEZ is yet to receive power supply license

Islamabad: The Special Economic Zone (SEZ) at Rashakai, a priority zone under the China-Pakistan Economic Corridor (CPEC), has applied for licenses from the National Electricity Regulatory Authority (Nepra) for distribution and supply of electricity, but the issue remains unresolved. At a recent meeting of the Cabinet Committee on Chinese Investment Projects (CCOCIP), the Department of Energy said that Chinese investors were asking for a “group price” of electricity instead of an industrial tariff. However, the pool price would require a government subsidy, resulting in higher consumer tariffs for SEZs and potentially discouraging investment and relocation of industrial units. The CCOCIP

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