A report on the state of competition in the power sector, released by the CCP, points out the strong presence of SOEs and the resulting impact on competition within the power sector. The report recommends the government open the power market and enforce the model of a Competitive Trading Bilateral Contract Market (CTBCM). The CCP […]
According to NEPRA documents, the fine was levied due to various reasons, including excessive billing, unannounced load shedding, and fatal accidents The breakdown of fines includes Rs 1.149 billion for distribution companies, Rs 749.5 million for power generation companies, and Rs 56 million for transmission companies. Some major fines include Rs 50 million imposed on […]
According to details, the privatization list was prepared by the Ministry of Privatisation following the approval of the federal cabinet. In the first phase, the plan outlines the privatization of 10 institutions within one year. According to the plan, Pakistan International Airlines (PIA) and Roosevelt Hotel in New York, the Agricultural Development Bank, First Women […]
The committee, in its meeting chaired by Prime Minister Shehbaz Sharif, principally approved the formation of an Independent System and Market Operator (ISMO) which will be later endorsed by the federal cabinet and registered with the Securities and Exchange Commission of Pakistan under the Companies Act 2017, according to a PM Office press release. The […]
The electricity station, with a capacity of 360 MVA, will serve approximately 40,000 residents in Hidd and surrounding areas by transmitting power from the main grid to local substations. The water distribution station has a storage capacity of 2.34 million gallons and is equipped with advanced monitoring and control systems. Key officials attended the inauguration, […]
According to a press release issued by the Prime Minister’s Office (PMO), the task force has been formed to reduce the financial burden on the power sector being borne by the government and to enable the establishment of an efficient, liquid, and self-sustaining competitive power market The task force comprises Federal Minister for Power Sardar […]
According to the notification, the Ministry of Energy has also issued directives for the privatization of 12 organizations in the power sector. The privatization process will be carried out in phases, with the first phase involving the privatization of four Discos. The four power companies include FESCO, GEPCO, HESCO, and IESCO. The second phase will […]
The meeting was presided over by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at the Finance Division, according to a press release issued here. The meeting was attended by the Minister for Petroleum Musadik Masood Malik, Minister for Power Sardar Awais Ahmad Khan Leghari, Minister of State for Finance & Revenue Ali Pervez […]
The chief minister made these remarks while chairing a meeting in Karachi today. During the meeting, Murad Ali Shah emphasized that converting government buildings to solar power will substantially reduce electricity expenses. He directed Energy Minister Nasir Shah to accelerate the solarization efforts starting from the new financial year. Earlier, Mayor Karachi Barrister Murtaza Wahab […]
Finance Minister Muhammad Aurangzeb chaired the meeting. According to sources, a notification for the dissolution of these boards will be issued after the Cabinet ratifies the decision. The committee has approved the formation of new boards for nine out of the eleven state-owned power companies. The Cabinet Committee’s approval came on the recommendation of the […]
