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Power sector competitive market in jeopardy

Power sector competitive market in jeopardy National February 22, 2021 ISLAMABAD: In an unexpected development, the PTI government, which itself earlier applauded the decision on wheeling charges Nepra took on January 11, 2021 to pave way for the country’s industrial sector to thrive with lower cost of electricity, has now emerged as a stumbling block in the way of the decision’s implementation. The Power Division, instead of notifying the decision on wheeling charges of 1 MW for Bulk Power Consumers at Rs1.50-2 per unit, has emerged as a hurdle against the decision, putting aside the clapping of federal cabinet which met with prime minister in chair on wheeling charges decision, a senior official privy to the development told The News.

Power sector s competitive market in jeopardy

Power sector’s competitive market in jeopardy National February 22, 2021 ISLAMABAD: In an unexpected development, the PTI government, which itself earlier applauded the decision on wheeling charges Nepra took on January 11, 2021 to pave way for the country’s industrial sector to thrive with lower cost of electricity, has now emerged as a stumbling block in the way of the decision’s implementation. The Power Division, instead of notifying the decision on wheeling charges of 1 MW for Bulk Power Consumers at Rs1.50-2 per unit, has emerged as a hurdle against the decision, putting aside the clapping of federal cabinet which met with prime minister in chair on wheeling charges decision, a senior official privy to the development told The News.

NAB looking for wrongdoing in altered deals with IPPs

NAB looking for ‘wrongdoing’ in altered deals with IPPs Top Story February 18, 2021 ISLAMABAD: In an unexpected development, the National Accountability Bureau (NAB) has swung into action and started staring down with ‘doubt’ at the conversion of MoUs into altered contracts, starting from signing of MoUs with 47 IPPs up to the signing of amended power purchase agreements (PPAs) to look for ‘any wrongdoing.’ And to this effect, the anti-graft body wrote a letter to secretary power on February 10, seeking details till today (Thursday) about the MoUs, amended Power Purchase Agreements and ask for rationale to invoke local arbitration on excess profit of Rs53 billion. “This move from the NAB has made the top mandarins of Power Division jittery, who fear if the entire exercise would materialize or not,” a senior official privy to the development confided to The News. “The NAB may look into the process for any deviation from MoUs. In the MoUs signed on August 12, 20

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