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Growing circular debt a threat for economy as financial imbalance looming large


Daily Times
Mian Anjum Nisar asks govt to resolve power sector circular debt issue without escalating electricity cost
The Federation of Pakistan Chambers of Commerce and Industry’ s Businessmen Panel Chairman Mian Anjum Nisar has said that the growing circular debt in the power sector is a continued threat for the economy, as financial imbalance is looming large because of mismanagement, incompetence and lack of transparency have marred the power sector.
Mian Anjum Nisar said that the power sector circular debt issue should be resolved holistically without escalating electricity cost, as its size has doubled during the last two years in spite of raising the power tariff multiple times in the past. ....

Anjum Nisar , Mian Anjum Nisar , International Monetary Fund , Businessmen Panel , Federation Of Pakistan Chambers Commerce , Power Holding , National Electric Power Regulatory Authority , Pakistan Chambers , Businessmen Panel Chairman Mian Anjum Nisar , Power Holding Limited , அஞ்சும் நிசார் , மீயந் அஞ்சும் நிசார் , சர்வதேச பண நிதி , கூட்டமைப்பு ஆஃப் பாக்கிஸ்தான் அறைகள் வர்த்தகம் , பவர் வைத்திருத்தல் , தேசிய மின்சார பவர் ஒழுங்குமுறை அதிகாரம் , பாக்கிஸ்தான் அறைகள் , பவர் வைத்திருத்தல் வரையறுக்கப்பட்டவை ,

DOE endorses 9 more power projects to NGCP for impact study


DOE endorses 9 more power projects to NGCP for impact study
on July 10, 2021 at 11:18 am
Nine more power projects have been endorsed by the Department of Energy to the National Grid Corporation to undertake system impact study (SIS).
The biggest project among the new additions is Solar Philippines’ Cabatang Tiaong Solar Power Project in Quezon with a capacity of 600 megawatts alternating current (MWac). The firm’s 120/150 megawatt-peak (MWp) solar power project in Concepcion, Tarlac was likewise cleared for SIS.
Power generating companies have to secure clearance from the DOE for SIS before developing their respective projects. This will determine if the power to be generated by the project can be consumed by the country’s transmission system. ....

Vista Alegre , City Of Tarlac , Bacolod City , Negros Occidental , Plaridel Windkraft , Mwac Gamu , Aboitiz Power Corporation , Windkraft Group , Department Of Energy , Amatera Renewable Energy Corporation , Consulting Service , Barracuda Energy Corporation , Global Power Holding , Energy Development Corporation , National Grid Corporation , Energy Corporation , Wind Power Project , Power Project , Power Holding , Diesel Project , Zamboanga City , விஸ்டா அலெஃரே , நகரம் ஆஃப் டார்லாக் , பேகோலோட் நகரம் , நீக்ரோஸ் தற்செயலானது , துறை ஆஃப் ஆற்றல் ,

Circular debt grows by Rs498b in FY21


Circular debt grows by Rs498b in FY21
Govt plans to reduce debt by increasing power tariffs and addressing inefficiencies
ISLAMABD:
The government added Rs498 billion to the flow of circular debt in the last fiscal year due to less provision of subsidies against commitments and increased cost of inefficiencies, showed documents of the energy ministry.
However, the government claimed adding a net Rs177 billion in the circular debt in fiscal year 2020-21 that ended on Wednesday on back of increase in electricity prices and reduction in the stock of the debt, according to a summary that the energy ministry submitted before the Cabinet Committee on Energy. ....

International Monetary Fund , Cabinet Committee On Energy , Power Division , National Electric Power Regulatory Authority Nepra , Power Holding , Cabinet Committee , Pakistan Tehreeke Insaf , Minister Hammad Azhar , Power Holding Limited , National Electric Power Regulatory Authority , சர்வதேச பண நிதி , மந்திரி சபை குழு ஆன் ஆற்றல் , பவர் பிரிவு , தேசிய மின்சார பவர் ஒழுங்குமுறை அதிகாரம் நெப்ரா , பவர் வைத்திருத்தல் , மந்திரி சபை குழு , அமைச்சர் ஹம்மட் அஜார் , பவர் வைத்திருத்தல் வரையறுக்கப்பட்டவை , தேசிய மின்சார பவர் ஒழுங்குமுறை அதிகாரம் ,