ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved an inter-corporate circular debt settlement plan, including tariff rationalisation for all six operational nuclear power plants, aligning them with other power producers and paving the way for the eventual winding up of Power Holding Limited (PHL) — a company created to manage legacy […]
Power Sector Reforms
World bank injects $55M to digitally upgrade Pakistan’s power discos
The World Bank has approved an additional $55 million in financing to support Pakistan’s power sector reforms, specifically targeting Hyderabad Electric Supply Company (HESCO) and Peshawar Electric Supply Company (PESCO). The funding is part of the Electricity Distribution Efficiency Improvement Project (EDEIP), designed to modernize outdated systems and enhance the operational and financial performance of […]
PM orders fast-tracking of EV charging stations, power sector reforms and GENCOs’ auction
Prime Minister Shehbaz Sharif has directed authorities to accelerate the establishment of electric vehicle (EV) charging stations across the country and finalize the privatization of loss-making power generation companies (GENCOs). He also ordered that the auction process be broadcast live on media to ensure transparency. The directives were issued during a high-level meeting in Islamabad […]