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Circular debt: Govt wants powers to embed more surcharges into tariff

July 14, 2021
ISLAMABAD: In line with the understanding reached with the IMF, the government is trying to have powers to impose more surcharges in the consumers tariff not only to fund future projects of paramount importance but also meet financial obligations of the government in the power sector.
The consumers will also pay the principal amount of loans apart from debt servicing in the shape of surcharges with an aim to settle the circular debt that has hiked to Rs2.4 trillion. And more importantly the surcharges to be levied by the government to this effect will not be made public in the electricity bills, rather it will be made part of expenditures to be charged by DISCOs as cost of service or part of Distribution Margin. ....

Shazia Marri , Syed Ghulam Mustafa Shah , Chaudhary Salik Hussian , Pakistan People Party Parliamentarians , Standing Committee On Energy Power Division , Power Division , Standing Committee On Energy , Power Holding Private , Na Committee On Energy , Standing Committee , Electric Power Act , Pakistan People , Party Parliamentarians , Electric Power , Financing Cost , Power Holding Private Limited , Tariff Rationalization , Neelum Jhleum Surcharge , Neelum Jhelum Hydropower , Income Tax , ஷாஜியா மர்ரி , சையத் குலாம் மஸ்டேஃபா ஷா , நின்று குழு ஆன் ஆற்றல் பவர் பிரிவு , பவர் பிரிவு , நின்று குழு ஆன் ஆற்றல் , பவர் வைத்திருத்தல் ப்ரைவேட் ,

Govt to buy out 11 IPPs to avoid Rs450b capacity payments

Govt to buy out 11 IPPs to avoid Rs450b capacity payments
Top Story
April 28, 2021
ISLAMABAD: The federal cabinet Tuesday decided to buy out 11 IPPs based on furnace oil (FO) at discounted value of Rs150-200 billion to avert payments of their capacity charges of Rs450 billion that it is bound pay in remaining seven years of their contracts.
This is how the government can tackle the issue of capacity payment charges an important component of Circular Debt to some extent. The outstanding amount the government is to pay to all IPPs in the head of capacity payments for the current year stand at Rs900 billion which will increase to Rs1500 billion in 2023. ....

Tabish Gauhar , Imran Khan , Power Holding Private , Circular Debt , Special Assistant , Prime Minister , Circular Debt Management Plan , Prime Minister Imran Khan , Power Holding Private Limited , தாபிஷ் க Au ஹர் , இம்ரான் காந் , பவர் வைத்திருத்தல் ப்ரைவேட் , வட்ட கடன் , சிறப்பு உதவியாளர் , ப்ரைம் அமைச்சர் , வட்ட கடன் மேலாண்மை திட்டம் , ப்ரைம் அமைச்சர் இம்ரான் காந் , பவர் வைத்திருத்தல் ப்ரைவேட் வரையறுக்கப்பட்டவை ,

Govt to buy out 11 IPPs to avoid Rs450 bn capacity payments

Govt to buy out 11 IPPs to avoid Rs450 bn capacity payments
Top Story
April 28, 2021
ISLAMABAD: The federal cabinet Tuesday decided to buy out 11 IPPs based on furnace oil (FO) at discounted value of Rs150-200 billion to avert payments of their capacity charges of Rs450 billion that it is bound pay in remaining seven years of their contracts.
This is how the government can tackle the issue of capacity payment charges an important component of Circular Debt to some extent. The outstanding amount the government is to pay to all IPPs in the head of capacity payments for the current year stand at Rs900 billion which will increase to Rs1500 billion in 2023. ....

Tabish Gauhar , Imran Khan , Power Holding Private , Circular Debt , Special Assistant , Prime Minister , Circular Debt Management Plan , Prime Minister Imran Khan , Power Holding Private Limited , தாபிஷ் க Au ஹர் , இம்ரான் காந் , பவர் வைத்திருத்தல் ப்ரைவேட் , வட்ட கடன் , சிறப்பு உதவியாளர் , ப்ரைம் அமைச்சர் , வட்ட கடன் மேலாண்மை திட்டம் , ப்ரைம் அமைச்சர் இம்ரான் காந் , பவர் வைத்திருத்தல் ப்ரைவேட் வரையறுக்கப்பட்டவை ,

Minister says time of essence to reduce circular debt

Minister says time of essence to reduce circular debt
Business
April 17, 2021
ISLAMABAD: The unaffordable cost of electricity generation, circular debt build-up and leakages in the transmission system made the power sector financially challenging, finance minister said on Friday.
The newly-appointed energy minister Hammad Azhar directed the officials to follow a structured approach for timely completion of envisaged reforms.
“Time is of essence for reduction in circular debt, upgradation in transmission and distribution infrastructure and improved service delivery in the power sector,” Azhar told a meeting to review progress on reforms in the power sector. “Facilitating the common man is the top priority for the government.” ....

Khusro Bakhtyar , Petroleum Tabish Gauhar , International Monetary Fund , Power Holding Private , National Electric Power Regulatory Authority , Hammad Azhar , Power Holding Private Limited , National Electric Power Regulatory Authority Act , Production Khusro Bakhtyar , Special Assistant , Prime Minister , சர்வதேச பண நிதி , பவர் வைத்திருத்தல் ப்ரைவேட் , தேசிய மின்சார பவர் ஒழுங்குமுறை அதிகாரம் , ஹம்மட் அஜார் , பவர் வைத்திருத்தல் ப்ரைவேட் வரையறுக்கப்பட்டவை , தேசிய மின்சார பவர் ஒழுங்குமுறை அதிகாரம் நாடகம் , சிறப்பு உதவியாளர் , ப்ரைம் அமைச்சர் ,

CCOE refuses to endorse IPP deal in haste

CCOE refuses to endorse IPP deal in haste
Members say they were not sent summary for review, asked for time to examine document
Details reveal efficiency and cost take back seat in buying electricity from IPPs PHOTO: REUTERS
ISLAMABAD:
The Cabinet Committee on Energy (CCOE) on Thursday refused to approve in haste a deal reached with the independent power producers (IPPs).
The deal with 47 IPPs was submitted to the cabinet body on energy for approval. It was informed that there would be savings of Rs836 billion following the agreement with the IPPs.
However, committee members said that they could not accord approval in haste as a summary was not sent to them for review. ....

Asad Umar , Petroleum Division , Cabinet Committee On Energy , Justice Division , Power Division , Power Holding Private , Economic Coordination Committee , Cabinet Committee , Special Initiatives Asad Umar , Power Holding Private Limited , அசாத் உமர் , பெட்ரோலியம் பிரிவு , மந்திரி சபை குழு ஆன் ஆற்றல் , நீதி பிரிவு , பவர் பிரிவு , பவர் வைத்திருத்தல் ப்ரைவேட் , பொருளாதார ஒருங்கிணைப்பு குழு , மந்திரி சபை குழு , சிறப்பு முயற்சிகள் அசாத் உமர் , பவர் வைத்திருத்தல் ப்ரைவேட் வரையறுக்கப்பட்டவை ,