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Pakistan to consider exporting electricity to China – Business & Economy

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

The government has reportedly decided to conduct a feasibility study of transmission lines to export electricity to China.

According to details, this decision was taken in a meeting chaired by Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal, in which the “wish list” to be presented to Russia during the upcoming high-level visit to Moscow was finalized. Strategies for giving were discussed.

The Planning Minister recently made a visit, during which he discussed various bilateral issues with Chinese officials. Another delegation consisting of Finance Minister and Energy Minister was also in Beijing to discuss various energy sectors and financial issues of the country.

Syed Tariq Fatemi, SAPM, Foreign Affairs, briefed that the purpose of the meeting is to come out with concrete and workable strategies/roadmap with high power delegation expected to visit Russia soon. He stressed on how to improve the existing communication facility and provide security to the convoy through road routes and asked the Home Ministry to take necessary steps.

Members of Parliament were shocked at the news of the termination of free electricity

While the Minister for Planning indicated that there are many opportunities to increase exports to Russia. He inquired about the procedure of Turkey, BRICS and other countries while trading with Russia.

#Pakistan #exporting #electricity #China #Business #Economy
2024-07-29 20:15:45

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Economy

Smart Data on Capacity Payments Paid to IPPs – Business & Economy

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

The capacity payment made to the Independent Power Distribution Companies (IPPs) squeezed the blood of the people, the government did not buy a single unit of electricity in a year but made a capacity payment of 1929 billion rupees in compensation. Electricity worth Rs 1198 billion was purchased from IPPs but payments of Rs 3127 billion were made.

As the voice against IPPs continues to rise, this scam is getting exposed, the government has revealed the data of the capacity payment to IPPs, whether you buy electricity or not, you have to pay. And the government is doing the same.

Last year, electricity worth 1198 billion rupees was purchased from IPPs with people’s money, but 3127 billion rupees were paid, that is, capacity payment of 1929 billion rupees was made without buying electricity.

Total payments made to IPPs accounted for 38% of production cost and revealed 62% of capacity payments.

Subsidy scheme for electricity consumers through Beneezir Income Support Programme

Bureaucracy can be estimated from here that 85% of IPPs produce less than 50% but payments are made 100%, only zero percent plant factor power plants paid Rs 46 billion 40 crore capacity payment in a year. went

Gohar Ejaz said that the government is paying Rs 370 billion to three power plants which are running at 15% load factor, the only solution is “No Capacity Payments”, IPPs should be paid only the amount of electricity production. , IPPs should be treated like any other business.

Azad Kashmir government has fulfilled its promise of providing cheap electricity

The government started backing off from further power generation projects

Gohar Ejaz further said that 52% of IPPs are government and 28% are from Pakistani private sector, we pay 60 rupees per unit due to these corrupt contracts.

#Disclosure #buying #electricity #unit #Business #Economy
2024-07-22 06:15:01

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Economy

Electricity: Prices are falling – They are reaching pre-crisis levels – 2024-07-14 18:32:42

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

Retail electricity prices have dropped sharply, reaching pre-crisis price levels. The megawatt hour costs less than 75 euros, while during the crisis it was 436 euros, according to an ERT reporter.

The average monthly price is down more than 80% today from the all-time highs of August 2022. Next month, retail prices of current they are expected to decline to even lower levels.

For two years electricity bills were the constant stress of households and businesses.

The drop in the wholesale price of electricity drops the cost per kilowatt hour for March to pre-energy crisis levels.

The main provider’s green tariff stands at 9.2 cents, 1.8 cents, which is even cheaper than February’s social tariff.

Accordingly, the yellow household tariffs for March will start from 8 cents per kilowatt hour.

The return of the kilowatt-hour charges to the levels of 2021 is also due to the reduction in the profit margin of the providers since the beginning of the year, as reported by an ERT reporter.

According to newsit, the wholesale-retail discrepancy is 2.5 to 4 minutes, while during the previous system retail was even 56% more expensive.

So-called retail surpluses are expected to be accounted for in the coming weeks, although the first tranche should have been received by December 2022.

Read also:

Patras: In the case file the video from the traffic accident in Aretha – What is planned for the driver of the vehicle

Exarchia: Dead infant in drain – The scenarios considered

The announcement by the Police regarding the arrest of Panachaki fans

Electricity tariffs: Drops below 10 cents per kilowatt hour in March and on green tariffs

Gaza: Palestinian prisoner swap for Israeli hostages – How many will be freed – What the truce plan provides

#Electricity #Prices #falling #reaching #precrisis #levels

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