AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,399 Increased By 104.2 (1.43%)
BR30 24,136 Increased By 282 (1.18%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)
Print Print 2022-05-10

Power tariffs to rise for now: govt

  • Dastgir says government pondering over shifting to solar generation against coal generation to avail cost effective energy mix
Published May 10, 2022

LAHORE: Federal Minister for Power Engineer Khurram Dastgir Khan said on Monday that electricity tariff would go up for the time being due to high international oil prices.

“We are facing a critical situation and Prime Minister Shehbaz Sharif has asked to look out ways as to how a revolutionary reduction could be made to the non-development expenditures before asking the people to sacrifice”, he said while responding to a query at a press conference at the Lahore Electric Supply Company (Lesco) headquarters. Additional Secretary (Power Division), Musaddiq Ahmed Khan Tahirkheli and Chief Executive Officer Lesco Ch Muhammad Amin were also present on the occasion.

According to him, the prime minister was holding a meeting with the allied parties on Monday night to decide whether power tariff, other than in the shape of monthly fuel price adjustment, should be increased or not.

Also, he said, the government was pondering over shifting to solar generation against coal generation to avail cost effective energy mix by promoting solar generation to deal with the escalating energy prices in the world market. “Not only the furnace oil, but the coal prices have also jumped to $ 600 per ton from earlier $ 250 per ton, therefore, we would focus on the option of solar generation besides carrying out long term contracts with Qatar and other sources for long term contracts of procuring RLNG (Re-gasified Liquid Natural Gas)”, he asserted.

Monthly FCA: Nepra raises tariffs of power distributors

Eng Dastgir said the government would also pursue setting up of a 1320 megawatt coal project under the Thar coal project of China-Pakistan Economic Corridor (CPEC). Also, he said, the hydel structure of Khyber Pakhtunkhwa would also be transformed to stabilized electricity tariff ahead.

Regarding the claim of Pakistan Tehreek-e-Insaf (PTI) government’s claim that Russia had offered oil stocks at 30 percent lesser price to Pakistan, he said, not a single paper or line is available with the Ministry of Petroleum for any such arrangement. It was a “fake claim” of Imran Khan, he added.

He also hinted at carrying out revamping of the boards of directors of the distribution companies (Discos) after performance review.

On the circular debt issue, he said, the government would overcome Rs 2,460 billion circular debt only if oil prices take a downward slide internationally. However, he added, effort would be made to overcome it by re-commissioning the closed power plants of coal, RLNG and furnace oil. Nandipur power project was out of operation since 13 December 2021.

According to him, the present heat wave would be a challenge to deal with and his ministry would work in collaboration with ministries of petroleum and finance to make a difference. Eng Dastgir said the government had added 2520 megawatt electricity to the system to reduce it to zero by 1st of May. On 26th April, he said, a total of 7104 megawatt production capacity was non-operational out of which 5820 megawatt was due to the failure of the PTI government in procuring of fuel. He thanked the officers of ministry of power for bringing 8 to 10 hours a day load-shedding to zero.

Copyright Business Recorder, 2022


Comments are closed.

Asadullah May 10, 2022 09:13am
Zero???? Plunder of lies they are Long Live Pakistan and Imran Khan
thumb_up Recommended (0)
umar May 10, 2022 10:36am
Obviously khercha krvao gay to kickbacks mileyn gi na. Already QA Solar park is ruined.
thumb_up Recommended (0)