Circular debt

A major portion of circular debt was related to gas sector, energy ministry informs National Assembly

Govt must cap new plants, prioritise solar energy, address governance issues

The government must also come up with a more effective power theft and ‘line-loss’ policy

Regulator chides PESCO for long hours of announced load shedding

Nepra has, since its inception, failed to conduct technical audits of independent power producers (IPPs)

Fund questions increase of Rs7/unit in electricity prices, circular debt handling

Govt accumulates debt at 26%, averaging Rs44b per day since Sept last year

Ministry proposes debt reduction via subsidies, revision of policies and deals

Among defaulters, PIA has to pay Rs26b to oil marketing firm

Govt only concerned about circular debt, focuses less on habitual defaulters

Only tariff hike targeted under foreign loans-linked reforms, other critical issues ignored

Debt swells due to inefficiency, theft and losses faced by power distribution firms

PAC calls for lifting ban on new gas connections

Govt prepares plan on unrealistic rupee-dollar exchange rate of Rs232 per dollar and 16.84% KIBOR

IMF expresses willingness to engage with next govt

EDEIP to help distribution companies improve operations to manage electricity supply more efficiently

Report says debt was Rs1.148tr when PTI came to power

Senate panel also recommends slashing workforce in govt-owned power generation companies

Azhar informs team about plans to expand existing transmission capacity

Power division officials say K-Electric a defaulter of Rs61b

Govt plans to reduce debt by increasing power tariffs and addressing inefficiencies

Says power sector is a big challenge for the country

Says full year debt expected to be Rs100bn less than that of PML-N's last year in government

Tarin wants to reduce the circular debt but does not want to increase tariffs

Govt set to hike tariff by Rs4.5 per unit in coming months to meet IMF condition

Public Accounts Committee panel summons K-Electric over non-payment to SSGC

Proposes to make payment to 47 companies over a period of one year

PAC informed debt rose by Rs1,139b, during the current govt’s tenure; to top Rs 2,300b

NEPRA report cites high losses, power theft and low recoveries as reasons

Petroleum Minister Omar Ayub cites absence of weighted average price as reason behind the hike

Govt says measures taken to increase bill collection, control power theft

It is the power consumers that are bearing the brunt of this mismanagement and inefficiency

Study highlights five major challenges plaguing Pakistan’s energy sector

Out of 21 members, only three came to attend the meeting

ECC also approves mechanism to retire Rs200b circular debt

Finds fault with disbursement mechanism which PM aide says lacks transparency

ECC allows diversion of Rs10b; approves terms of negotiations for debt restructuring to reduce electricity tariffs

Power sector debt is not an insurmountable quagmire allowed to sap fiscal resources

It will help slow down debt flow, improve bill recoveries, reduce losses

Govt plans to upgrade transmission and distribution system

Petroleum Division floats proposal to eliminate Rs181b circular debt in gas sector

Bank’s estimate counters govt’s claim of reducing circular debt to Rs12b a month

PM’s aide informs NA panel DISCOs privatisation not possible in two years

Dr Abdul Hafeez Shaikh says guarantees will primarily be used to tackle circular debt

Official tells Senate panel installed capacity stands at over 35,000MW

Fund chief appreciates efforts made by Power Division

Committee deliberates issues of high tariff, capacity charges and heat rates

It will be second such issue, help pay partial dues of power producers

Authorities decide to discontinue Rs3 per unit electricity subsidy for local industries

Pesco among DISCOs facing most losses, PAC subcommittee told