ISLAMABAD: A flat rate package for electricity supply that is aimed at boosting production mainly to the industrial sector said Minister for Power Omar Ayub Khan.
The tariff will be lowered than the normal tariff by the government to reduce capacity payments worth billions of rupees to the power producers, accommodating various sectors, especially the private sector.
“This initiative will ease the burden of circular debt as idle capacity will be utilised in the winter season, and it can be expanded to other months also once we achieve the desired results,” he further said.
Presently, the package has been approved for four months (November-February) only.
To curtail the average power tariff, 8,000 megawatts of renewable energy are aimed to be added to the national grid by 2025 by the government.
Khan added that the Alternative Energy Development Board (AEDB), working under
Prior to this, the Power Division had given approval for the issuance of letters of support to 11 wind power projects having a cumulative generation capacity of 500MW, costing 4.3 cents or around Rs6.5 per unit.
A flat rate of Rs11.97 per unit will be charged to residential and commercial ‘time of use (TOU)’under the package, as consumers will be charged at the new rate on their additional power consumption, as compared to the same month of the previous year.
Giving an example, he said if a consumer had utilised 100 units in the corresponding month of last year and he consumed 110 units this year, then the 100 units would be charged as per the normal rate, whereas the additional 10 units would be charged at Rs11.97 per unit.
This package has also been designed to tackle the ongoing economic slowdown.
By increasing the rate of production, Pakistan will have a chance to compete in the international market and boost exports.
The flat tariff will cover almost 31% of total power consumers. Around 22% of the total will be from the industrial sector, 4.22% will be residential consumers (three-phase TOU) and 4.6% will be commercial consumers (three-phase).
An extra of 1,800-2,000MW of electricity will be provided to these consumers, as electricity will be available to them round the clock through this package.
For news and blogs, visit Graana.com.
MELBOURNE — A new analysis by Deluxe Holiday Homes has highlighted significant shifts in Melbourne's…
ANKARA — A devastating fire at the Kartalkaya ski resort in northern Türkiye claimed the…
As Vietnam heads into 2025, the real estate market presents a dynamic mix of challenges…
Dubai’s secondary housing market is predicted to see robust growth in 2025, with demand for…
As Los Angeles County grapples with the aftermath of some of the most destructive fires…
On Friday, Azam Nazeer Tarar, the Minister for Law and Justice, informed the Senate that…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
