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, …
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Government Plans to Reduce Electricity Tariffs Amid Financial Risks
In a bid to tackle the financial challenges plaguing Pakistan’s power sector, the federal government has unveiled plans to reduce current electricity tariffs. This initiative comes amid growing concerns over the sector’s significant financial risks and inefficiencies. The proposed measures aim to provide some relief to consumers while addressing the underlying issues within the power sector. The government’s strategy involves …
Read More »FPCCI Vice President Calls for Accountability in Power Sector
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. …
Read More »Nepra Imposes Additional Electricity Rate Hike Amid Criticism
In response to criticism over payments to Independent Power Producers (IPPs) and ongoing protests by Jamaat-e-Islami, the National Electric Power Regulatory Authority (Nepra) has announced a substantial increase in electricity rates. Effective from August, consumers will see an additional charge of Rs2.5627 per unit on their electricity bills. This rate adjustment, which affects all consumer categories except electric vehicle charging …
Read More »Rising Electricity Costs and IPP Agreements: Insights from Senate Meeting
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 …
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