Connect with us

pakistan

Pakistan’s electricity generation cost surges 59pc in Jan: research firm

Published

on

Pakistan's electricity generation cost surges 59pc in Jan: research firm

The country has witnessed 59 per cent increase in total cost of generating electricity, a leading securities brokerage and research firm says.

The power cost hit Rs11.20 KWh in January 2023 as compared to Rs7.04 KWh registered in December 2022. However, on a year-on-year (YoY) basis, electricity generation cost reduced by 8.3pc.

“On a YoY basis, the decrease in fuel cost is witnessed mainly due to a rise in nuclear, hydel, wind, and solar-based generation,” said Arif Habib Limited (AHL) in a note on Monday.

“While on MoM basis, the rise in fuel cost is triggered by a decline in hydel and nuclear-based generation,” it added.

Advertisement

The power generation in the country witnessed a marginal increase of 1.2% on a monthly basis to 8,515 GWh (11,445 MW) in January 2023, compared to 8,417 GWh in December. On a yearly basis, electricity generation registered a drop of 3.2%, as compared to 8,797 GWh (11,824 MW) recorded in January 2022.

During 7MFY23, power generation also decreased by 7.3% YoY to 77,085 GWh (14,939 MW) compared to 83,193 GWh (16,123 MW) during 7MFY22.

Moreover, the cost of power generation during the first seven months of the ongoing fiscal year was up 21.9%, from Rs7.68 in 7MFY22 to Rs9.36 in 7MFY23.

Data on generation mix revealed that electricity generation decline on a yearly basis was led by coal 2,444 GWh, and Residual Fuel Oil (RFO) 463 GWh, which decreased by 16.2% and 62.6%, respectively.

Meanwhile, power generation from hydel and RLNG sources stood at 800 GWh and 1,286 GWh respectively, showing an increase of 56% and 105.2%, respectively, on a yearly basis.

Advertisement

Moreover, electricity generation from wind sources improved by 47.4% on a yearly basis to 287 GWh, while power generation from other renewable sources such as solar also witnessed a 54.9% increase on a yearly basis at 72 GWh.

In January, coal was the leading source of power generation, accounting for 28.7% of the generation mix, to become the largest source of electricity generation in the country.

Followed by nuclear, this accounted for 22% of the overall generation, registering a generation of 1,876 GWh in January up by 48.3% YoY.

Advertisement

pakistan

Nawaz left Pakistan with govt permission, it wasn’t a jailbreak: Solangi

Published

on

By

Nawaz left Pakistan with govt permission, it wasn't a jailbreak: Solangi

 Former prime minister Nawaz Sharif had flown abroad after getting permission from the court and the government, not due to jailbreak, said Murtaza Solangi – the caretaker information minister – who added that he would be treated according to law and constitution on his return to Pakistan.

The minister remarked some people were confused on the issue of elections and spreading confusion a business for some others. The caretaker government had no confusion on the issue of elections, he added

Solangi, who visited the Karachi Press Club, told media persons on Saturday that Nawaz was a three-time prime minister and he had no knowledge of which court the PML-n supremo would move after his return.

Replying to various questions on the subject, the caretaker information minister said he didn’t want to speculate as it was Nawaz who would have to answer such queries.

Advertisement

As the minister faced a flurry of questions about the elections, he again made it clear that the caretaker setup would give equal opportunities to all the registered political parties for taking part in the electoral process.

Solangi reiterated that the caretaker government would fulfil its constitutional responsibilities and provide all the available resources to the Election Commission for conducting the exercise.

When asked about the rupee appreciation and the fuel prices, Solangi said the incumbent setup had no role in pricing mechanism which was linked to the rates in global markets.

However, he added, that there were enough chances of reduction in petroleum products’ rates due to the gains made by the local currency. People would get some benefit of reduction in the value of the dollar, Solangi said.

The minister noted that power theft burdened other consumers and recovering the amount from them through their monthly system was unjustified – a mechanism which, he said, should be changed.

Advertisement

Solangi said the interim setup was aiming at stabilising the national economy while ensuring that Pakistan didn’t slide towards default and political temperature was cooled down. Legislation wasn’t their prerogative but would do everything reduce the current problems, he added.

Continue Reading

pakistan

CTD arrests terrorist of banned outfit in Jamshoro IBO

Published

on

By

CTD arrests terrorist of banned outfit in Jamshoro IBO

A team of Hyderabad Counter-Terrorism Department (CTD) on Friday arrested one alleged terrorist associated with a banned outfit during an operation in Jamshoro, Dunya News reported.

According to a CTD spokesperson, a CTD team conducted an Intelligence-based-operation (IBO) in Jamshoro and arrested a terrorist belonging to banned organisation.

He also informed that the arrested terrorist was involved in providing funds to terrorist organization.

The spokesperson further informed that a 30-bore pistol, funding receipts and other evidence have been recovered from the arrested terrorist. He said that further investigation is ongoing.

Advertisement

Continue Reading

pakistan

Mother, son killed in road accident near Sheikhupura

Published

on

By

Mother, son killed in road accident near Sheikhupura

 A woman and her son were killed and two other children were wounded when the motorcycle they were riding on was hit by a dumper near Sheikhupura on Friday night,

According to details, the accident occurred in Farooqabad area near Sheikhupura where a rashly driven dumper hit a motorcycle, killing a woman and her son on the spot and injuring two other children.

Police and rescue teams reached the spot and shifted the dead and injured to hospital.

Advertisement
Continue Reading

Trending

Copyright © GLOBAL TIMES PAKISTAN