Govt mulls lower solar net metering rates, shares plan with IMF officials
Surplus solar power buyback may drop from current Rs27 to Rs10 per unit; tariff restructuring under review
KP launches Rs20bn solar project to provide 130,000 households with free energy
32,500 households to receive free solar panels, batteries, fans, and lights in first phase by selecting through electronic balloting; priority given to vulnerable groups
Govt secures Rs1.25tr loan at lower interest to cut power sector circular debt
Debt to be serviced over six years through Rs2.83 per unit surcharge; Rs463bn expected savings from renegotiated IPP deals
NEPRA reduces electricity tariff by Rs2.12/unit for DISCOs, Rs3/unit for K-Electric
Tariff cut for DISCOs applied under January’s FCA; KE reduction implemented based on December’s FCA
Pakistan industries pay almost twice the power costs of China, India, and US: report
High electricity costs are putting Pakistan’s export competitiveness at a disadvantage
HUBCO subsidiary adopts hybrid tariff model under new deal with govt
Agreement introduces ‘Hybrid Take and Pay’ model; CPPA will make payment of outstanding receivables as of October 31, 2024 within 90 days of approval of Agreement by Cabinet
Refineries urge OGRA to enforce binding supply obligations on OMCs
Five refineries write letter to Ogra to convene an urgent meeting with OMCs to finalise binding clause ensuring local product uplift before imports
OMC sales drop 18% MoM in February despite slight annual growth
Total volumes reach 1.14 million tons, PSO market share falls to 40% from 48.6% last year, while HASCOL reports 60% YoY growth
Power minister assures int’l development partners of transparency in talks with IPPsÂ
Negotiations conducted in a free, fair, and transparent manner; IPPs given right to withdraw, seek arbitration, or opt for forensic audits, says Leghari
Govt shelves plan to rebase power tariffs in January after IMF opposition
Tariff rebasing to continue from July 1; IMF and other development partners urge the govt to focus on ongoing reforms
Mari Energies enters joint venture for mineral exploration in Balochistan
Joint Venture Agreement signed with IRH Mining RSC Ltd, Balochistan Mineral Resources Limited and the Government of Balochistan to acquire a 25% interest in two Mineral Exploration Licenses in Chagai
Govt signals higher power tariffs in summer amid low hydropower availability
Nepra approves 77-paisa refund; reliance on costly imported fuel expected to rise
OGDCL begins gas production from Uch-36 well in Dera Bugti
Well produces 7.3 MMSCFD of gas after the installation of an 8-inch, 1.0-kilometer flowline, connecting it to the OGDCL Uch Gas Processing Plant
KP signs oil and gas exploration deal with ODGCL-led consortium for Miran Block
Khyber Pakhtunkhwa Oil & Gas Company Limited to hold 51% stake as consortium commits Rs 20 billion investment with 49% sharesÂ
World Bank unit and other lenders criticise Pakistan’s energy negotiations: report
Move will be detrimental to long-term development of energy sector, undermining investor confidence and discouraging future private investment: IFC, ADB, IsDB and five other development finance institutions write letter to govtÂ