Tag Archives: Energy sector

Federal Minister for Energy, Awais Leghari, recently acknowledged that Pakistan currently has the highest electricity costs in the region. Speaking at the National Youth Convention in Islamabad, the minister assured that the government is actively working towards resolving issues related to Independent Power Producers (IPPs) and is hopeful that positive news will soon emerge. Addressing IPP Challenges During his speech, …

In a rare move, government-owned power distribution companies (Discos) have requested a negative fuel cost adjustment (FCA) of 31 paise per unit. This adjustment is aimed at refunding approximately Rs4.5 billion to consumers, who were overcharged in July due to a 20% increase in base tariff for the current fiscal year. Formal Petition Filed by CPPA The Central Power Purchasing …

Anticipation for Task Force on IPPs Zaki Aijaz, the Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed strong anticipation for the task force on Independent Power Producers (IPPs) and Pakistan’s Power Sector Reforms. He emphasized the need for holding the 40 IPPs accountable and providing necessary relief to the public. …

Introduction Facing mounting concerns over soaring energy tariffs, the Pakistani government is implementing a series of measures aimed at reducing the return on equity (ROE) for power plants and incentivizing investments in the hydrocarbon sector. These initiatives are part of a broader strategy to address the affordability of energy while attracting foreign investment and improving the efficiency of the energy …

Introduction In a significant shift in Pakistan’s energy sector, French oil major TotalEnergies has announced its decision to sell its 50% stake in Total Parco Pakistan Limited (TPPL) to Gunvor Group, a global commodities trader. This transaction, which is pending regulatory approvals, signifies a strategic realignment by TotalEnergies to concentrate on core geographies with growth and transition opportunities. Details of …

Introduction In a recent Senate Standing Committee on Energy meeting, Energy Minister Awais Leghari highlighted a dramatic increase in electricity costs from Independent Power Producers (IPPs), with unit prices soaring from Rs. 3 in 2016 to Rs. 285, marking a staggering 9600% rise over eight years. This revelation underscores significant concerns about the current structure and agreements with IPPs. Concerns …

Introduction: The upcoming fortnight in June brings mixed news for fuel consumers in Pakistan. While the price of petrol is expected to decrease by Rs1.87 per litre, diesel might become costlier by Rs3.29 per litre. These adjustments in fuel prices, based on the rates of petroleum levy and general sales tax, will have implications for both individuals and industries relying …