Friday, November 14 2025

Centre refuses development funds to reduce power sector debt
The Finance Division has refused to allocate funds under the Public Sector Development Programme (PSDP) in the ongoing fiscal year for reduction in loans of the power sector. During discussions in a recent meeting of the Economic Coordination Committee (ECC), the Power Division highlighted the background of the proposal. It told the forum that for loan adjustments, the authorisation of the Ministry of Planning was required. It said that PSDP allocation, in particular, was needed to reduce the loan portion, adding that it should be a non-cash adjustment. The Finance Division cited the limited fiscal space available in the current PSDP and suggested that the Power Division should re-submit the proposal in consultation with the Economic Affairs Division and the Ministry of Planning.
Related news categories: business economic-indicators power-gen-dist

Monday, November 03 2025

Islamabad solar users asked to replace green meters with costly Automatic Meter Reading devices
Tens of thousands of solar power users with on-grid systems and green meters have been shocked to see their current month’s electricity bills, which state that they must replace their green meters with Automatic Meter Reading (AMR) meters within three months to ensure the continuation of net metering. Consumers who have invested up to Rs1 million or more are being told to purchase the AMR meters for Rs52,000, while their existing green meters, which they had earlier bought, will be taken away by the Islamabad Electric Supply Company (Iesco). A number of consumers have approached the Prime Minister’s Portal, seeking relief and requesting the government to stop Iesco from forcing them to purchase new meters. However, an Iesco official said that although it was principally decided to replace the meters, the implementation has been temporarily put on hold, and a policy will soon be announced in this regard.
Related news categories: business economic-indicators power-gen-dist

Monday, October 27 2025

Experts say revised MYT ruling for KE militates against govt’s privatisation agenda
Nepra’s revised Multi-Year Tariff (MYT) determination for K-Electric (KE) puts the government’s privatisation agenda at risk, while also adversely affecting Karachi’s stability, stated energy experts and industrialists on Saturday during a webinar organised by the Policy Research Institute of Market Economy (PRIME) titled ‘Karachi’s Energy Security: Challenges & Opportunities’. The session was moderated by Ali Ehsan – Chief Development Officer at PRIME. K-Electric CEO Moonis Alvi said the MYT should have reflected the company’s continuous operational improvements and the realities of power supply in a complex urban setting. He said that since privatisation, K-Electric has significantly reduced aggregate technical and commercial losses from around 45percent to below 20percent. He further noted that while the new tariff structure brings certain challenges, KE remains committed to serving Karachi.
Related news categories: business economic-indicators power-gen-dist