ECC may halt payments to IPPs

The Economic Coordination Committee (ECC) might withhold payments worth millions of rupees to the independent power producers (IPPs) after an investigation conducted by NAB. According to the inquiry committee, the IPPs had received excess payment of Rs1,000 billion. However, the government has signed a revised deal with the IPPs for payment of Rs403 billion to… Continue reading ECC may halt payments to IPPs

Circular debt paralyzes Pakistan’s power sector

Pakistan has been convulsed by power outages since 1990s and this has hampered the growth of the manufacturing and services sector along with disrupting the routine lives of the citizens. According to the report released by Macro Economic Insights, this electricity crisis is estimated to have cost the economy at least 2 per cent of… Continue reading Circular debt paralyzes Pakistan’s power sector

NEPRA approves an increase in electricity prices

The National Electric Power Regulatory Authority (NEPRA) has once again hiked up the electricity prices by approving an increase of Rs 0.83 per unit. This increase in the prices would come into effect once a notification is issued by the government. According to NEPRA, the decision was made in the context of adjustment for 2019-20… Continue reading NEPRA approves an increase in electricity prices

PIEDMC to supply power to its industrial estates

To facilitate its industrialists and benefit from the open market, Punjab Industrial Estate Development and Management Company (PIEDMC) has decided to supply electricity to all the industrial states that fall under its management. Following the instructions of PIEDMC Chairman Syed Nabil Hashmi an application was moved to National Electric Power Regulatory Authority (NEPRA) for obtaining… Continue reading PIEDMC to supply power to its industrial estates