AGL 5.77 Decreased By ▼ -0.31 (-5.1%)
ANL 9.01 Decreased By ▼ -0.39 (-4.15%)
AVN 78.40 Decreased By ▼ -3.06 (-3.76%)
BOP 5.16 Decreased By ▼ -0.11 (-2.09%)
CNERGY 4.66 Decreased By ▼ -0.24 (-4.9%)
EFERT 80.54 Decreased By ▼ -1.01 (-1.24%)
EPCL 51.97 Decreased By ▼ -2.03 (-3.76%)
FCCL 13.59 Decreased By ▼ -0.81 (-5.63%)
FFL 5.87 Decreased By ▼ -0.18 (-2.98%)
FLYNG 7.09 Decreased By ▼ -0.47 (-6.22%)
FNEL 4.82 Decreased By ▼ -0.18 (-3.6%)
GGGL 8.89 Decreased By ▼ -0.43 (-4.61%)
GGL 15.89 Decreased By ▼ -0.81 (-4.85%)
HUMNL 5.83 Increased By ▲ 0.14 (2.46%)
KEL 2.60 Decreased By ▼ -0.19 (-6.81%)
LOTCHEM 29.94 Decreased By ▼ -0.61 (-2%)
MLCF 25.40 Decreased By ▼ -2.39 (-8.6%)
OGDC 72.23 Decreased By ▼ -1.77 (-2.39%)
PAEL 15.42 Decreased By ▼ -0.77 (-4.76%)
PIBTL 5.03 Decreased By ▼ -0.20 (-3.82%)
PRL 16.37 Decreased By ▼ -0.92 (-5.32%)
SILK 1.09 No Change ▼ 0.00 (0%)
TELE 9.60 Decreased By ▼ -0.44 (-4.38%)
TPL 7.30 Decreased By ▼ -0.40 (-5.19%)
TPLP 19.18 Decreased By ▼ -0.59 (-2.98%)
TREET 21.93 Decreased By ▼ -1.26 (-5.43%)
TRG 144.54 Decreased By ▼ -2.81 (-1.91%)
UNITY 16.60 Decreased By ▼ -0.59 (-3.43%)
WAVES 10.01 Decreased By ▼ -0.37 (-3.56%)
WTL 1.36 Decreased By ▼ -0.10 (-6.85%)
BR100 4,230 Decreased By -100.1 (-2.31%)
BR30 15,822 Decreased By -474.4 (-2.91%)
KSE100 42,071 Decreased By -832.3 (-1.94%)
KSE30 15,504 Decreased By -300.7 (-1.9%)
Follow us

ISLAMABAD: Pakistan has 35,000 megawatts power generation capacity but load shedding is persistent in different parts of the country due to the closure of several power plants, Prime Minister Shehbaz Sharif informed the National Assembly on Saturday.

Speaking on the floor of the house in the NA session, he said that 6,000 MW of hydel power could be generated which was linked to the melting of glaciers and the availability of water.

The CPEC coal-based plants and the new LNG plants that could produce about 5,000 MW of power, including the one set up during 2019 with a capacity to generate 1250 MW, had been closed for the last four years, he said.

The new plants could not generate power due to the unavailability of gas, or expensive oil, Shehbaz added.

He said the prices of LNG imports surged unprecedentedly. Now, they stand around 30-35 dollars per unit.

Majority of non-operational power plants reach end of licenced age

The prime minister appreciated Amir of Qatar’s personal intervention to provide LNG at a discounted price.

He referred to the slow-paced construction work on Rawal Chowk Flyover in Islamabad, saying that the project, despite a clear deadline for its completion within two years, had been stalled, multiplying the woes of the public and motorists. The contract for this flyover was awarded to a black-listed company by the PTI’s government which was penalized in the past, the prime minister said.

The projects like those of Rawal Chowk Flyover were completed in Punjab in 72 days during the PML-N’s previous tenure.

Copyright Business Recorder, 2022


Comments are closed.

samir sardana Apr 17, 2022 08:23pm
The terms of IPP PPAs,wherein the fuel price increases in the FSA,beyond a tolerance,are not passed to the Grid and consumers - leads to IPP shutdowns - as the variable cost of power, is not recovered. In such situations, a IPP shutdown, is a disaster for the nation - as it leads to losses of economic activity,and thus,govtt revenue So what should the state do ? In such cases,the state grid should takeover the IPP,on a tolling contract,and pay a fixed cost recovery charge, to get the power flowing to the grid. The LC for the imported fuel,can be opened,from Habib Bank ,at Nil Margin and Nil Charges,as it is secured by the Grid,and SBP This should be a mandatory clause in the IPP and the Bank loan agreements The taxes earned across the supply chain of the economic activity,from the power,,will more than offset the fixed cost recovery charges,paid to the IPP.dindooohindoo
thumb_up Recommended (0)

PM says closure of many power plants led to load-shedding

IMF, govt begin virtual engagement

Army’s role restricted to constitutional mandate: Bajwa

A democratic Pakistan is in Washington’s own interest: State Dept

Dar willing to allow sugar export?

Nepra decides to grant QASPPL micro-grid licences

Terrorism case: ATC extends interim bails of IK, others till Dec 9

TTP ends ceasefire, orders nationwide attacks

Presidential Reference on Reko Diq project: SC to announce short order next week

Pakistan, IMF begin virtual engagement for loan talks

KSE-100 plummets 2% as market reacts to 'surprise' rate hike