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Discos seek massive Rs4.66 per unit hike in Jan power bills

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  • Increase stems from fuel charges adjustment for Nov. 
  • CPPA applies with Nepra to raise electricity prices.
  • Nepra schedules public hearing on December 27.

ISLAMABAD: Adding to the woes of already-strained power consumers, the power distribution companies (Discos), excluding K-Electric, have sought a massive increase in the January 2024 bills, The News reported Wednesday.

The Discos are seeking approval from the National Electric Power Regulatory Authority (Nepra) to levy an extra Rs4.6617 per unit on consumers for January 2024. This sought-after increase stems from the fuel charges adjustment (FCA) for November 2023.

The Central Power Purchasing Agency (CPPA), on behalf of Discos, has applied with Nepra to raise electricity prices under the November 2023 FCA. 

Nepra has scheduled a public hearing on December 27 to review the November FCA and has invited all interested or affected parties to present written or oral objections as permitted by law. 

According to the CPPA’s application, the total electricity generated in November amounted to 7,547 gigawatt-hours (GWh), priced at Rs7.1704 per unit. The overall energy cost was Rs54.113 billion.

Hydel power contributed 2,755 GWh (36.50%), incurring zero power generation costs. Coal-fired power plants produced 1,473 GWh (13.08%), with a total cost of Rs15 billion (Rs15.27/unit), combining local and imported coal sources (987 + 486 GWh).

Gas-based power plants generated 695 GWh (9.21%) at Rs14.6197 per unit, while Re-gasified Liquefied Natural Gas (RLNG) contributed 798 GWh (10.57%) at Rs23.7171 per unit.

Additionally, power from bagasse amounted to 27 GWh at Rs6 per unit. Wind power recorded 148 GWh (1.96%), and solar power contributed 50 GWh (0.66%) of the total generation in November.

Nuclear power sources produced 1,572 GWh (20.83%) at Rs1.2071 per unit, while electricity imported from Iran accounted for 30 GWh (0.39%) at Rs27.7281 per unit. Data from CPPA-G submitted to Nepra indicates that the net electricity delivered to Discos in November was 7,288 GWh (96.57%) at a rate of Rs9.444 per unit, with a total cost of Rs68.834 billion.

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Islamic Sukuk Bonds: Government Is Expected To Begin Bond Auction Next Week

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There is now more positive economic news for the people of Pakistan. The government is anticipated to begin the Sukuk Islamic Bond auction next week, after the central bank’s announcement of a large drop in the policy rate.

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SIFC Encourages Green Tourism: Reforming Visas to Increase Investment

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Enhancing investment in the tourism sector, Green Tourism Pakistan’s initiative has received backing from the Special Investment Facilitation Council.

Visa-On-Arrival for 126 countries, Visa-Free Entry for Gulf Cooperation Council nations, and 24-hour expedited visa processing are some of the main features of the Green Tourism Visa Policy.

It is anticipated that these endeavors will draw in about 80 million dollars in foreign direct investment and 8.3 billion rupees in domestic investment.

Green Tourism Private Limited has introduced hunting resorts in Naltar, Hunza, and Skardu, along with four- and five-star city hotels, to improve the tourism experience.

In the first phase of the project, 17 of the 78 areas have seen the start of development activity.

Approved is a central authority for Green Tourism that will supervise the growth of Air Operations.

To promote Religious Tourism, extra precautions have been taken to guarantee the security of visitors from all religions, including Sikhs and Buddhists.

Furthermore, in order to improve the quality of the tourist experience, the green guide quality program has been introduced to supply top-notch tour guides.

There is now a deluxe bus excursion from Islamabad to Peshawar that promotes local culture.

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July 2024 export data from Pakistan shows a significant rise.

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The Strategic Investment Facilitation Council (SIFC) has been instrumental in improving Pakistani products’ access to international markets, as seen by the significant surge in exports from the country at the start of the 2024–25 fiscal year.

With a 7.26% rise over the same month the previous year, July 2024 exports to the US were $476.017 million. After increasing by 7.74% annually, the United Arab Emirates emerged as the second-largest export destination.

The third and fourth places were occupied by exports to the UK ($183.303 million) and China ($60.100 million). A substantial increase in exports to Afghanistan was recorded in July of this year, rising from $46.262 million to $88.065 million, largely due to successful anti-smuggling efforts.

With a combined export volume of $553.951 million, more important export destinations included Germany, the Netherlands, Italy, Spain, Saudi Arabia, and Turkey.

A bright future for the national economy is suggested by the growing confidence major international markets have in Pakistani exports. Through the efforts of SIFC and the government, this greater access to global markets has been made possible.

Pakistan’s economy is predicted to remain stable as a result of the export growth that SIFC has enabled.

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