‘Status quo can’t be maintained’: Energy minister confirms talks with IPPs to reduce power rates
A worker of Peshawar Electric Supply Company (PESCO) climbs up a high-voltage pylon in Peshawar, August 7, 2017. — Reuters Confirming the coalition government’s efforts to renegotiate contracts with independent power producers (IPPs) to reduce “unsustainable” electricity tariffs, Energy Minister Awais Leghari said both sides have a clear understanding that the “status quo can’t be […]
Debunking misconceptions about CPEC energy projects | The Express Tribune
ISLAMABAD: The Power Policy of 1994 was introduced as the ultimate solution to Pakistan’s electricity problems. Western countries and institutions praised the policy as one of the best pro-private sector initiatives. The World Bank and USAID collaborated with other multilateral donors to ensure the policy’s success by providing financial support. Both the World Bank and […]
Pakistan can save up to Rs50bn if citizens endure two-hour of loadshedding: energy minister
A representational image depicting loadshedding in a residential area of Pakistan. — AFP/File ISLAMABAD: Energy Minister Awais Leghari on Tuesday said that if the citizens could endure two-hour of load shedding daily, the government could save up to Rs50 billion. Addressing the National Youth Convention here, the minister admitted the electricity tariffs in Pakistan were […]
Pakistan has the most expensive electricity in the region: Energy Minister | The Express Tribune
Listen to article The Federal Minister for Energy, Awais Leghari, acknowledged that the country has the highest electricity costs in the region, stating that the government is working towards resolving issues related to Independent Power Producers (IPPs). Speaking at the National Youth Convention in Islamabad, Awais announced that within one to two months, the government, in collaboration […]
FM Aurangzeb heads to China to reschedule $15 billion energy loan | The Express Tribune
Federal Finance Minister Mohammad Aurangzeb is set to embark on a three-day visit to China today, aiming to discuss the rescheduling of a $15 billion energy loan. According to sources from the Ministry of Finance, a joint working group may be established between Pakistan and China to facilitate the loan rescheduling. The discussions will also […]
Energy czar, ex-minister trade barbs over IPPs contracts
Federal Minister for Energy, Awais Leghari (left) and former federal interior and commerce minister Gohar Ejaz. —Radio Pakistan/AFP/File Federal Minister for Energy Awais Leghari has asserted that the government was not in a position to act unilaterally against independent power producers (IPPs) regarding power purchase agreements (PPAs), which are draining billions of rupees of taxpayers’ […]
Political chaos, exorbitant energy cost listed as key challenges | The Express Tribune
KARACHI: Sindh’s former caretaker minister for industries and commerce Muhammad Younus Dagha has said that if two main challenges including political instability and high energy cost are brought under control, the country can grow by leaps and bounds. He said the caretaker government had made efforts to improve the performance of government departments despite a […]
PSO ‘in talks’ with govt to acquire stakes in public sector energy companies
A man drinks water from a cooler at a Pakistan State Oil petrol station in Peshawar, on October 2, 2017. —Reuters KARACHI: The Pakistan State Oil (PSO), the country’s largest oil marketer, says it is in talks with the government on a plan to acquire stakes in public sector energy companies and offset mounting debt […]
Solar energy: Govt denies fixed tax reports, hints at revising rates
Several solar panels can be seen in this picture. — AFP/File Refuting a report claiming the government plans to impose fixed tax on solar power, the Power Division on Saturday said there is no truth to the news. Reports were circulating on social media platforms that a summary had been moved to introduce the fixed […]
Energy minister announces reduction in April’s electricity bills
A representational image of a transmission tower, also known as an electricity pylon. — AFP/File Federal Energy Minister Awais Leghari announced on Thursday that the government provided relief to inflation-stricken nationals by reducing the electricity prices for April’s power bills. “The per unit price of electricity fell by Rs3.83 in the month of April. The […]