Sunday, November 27 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Nov 21
Week of Nov 14
Week of Nov 07
Week of Oct 31
Week of Oct 24
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Power tariffs to rise for now: govt

    May 31, 2022 - Monthly Energy Updates


      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.

      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.

      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.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.