Islamabad, January 7, 2025: The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in electricity tariffs under the monthly Fuel Price Adjustment (FCA), offering relief to consumers.
According to details, government-owned DISCOs will implement a reduction of 75 paisas per unit for November’s FCA, while 49 paisas per unit has been approved for K-Electric consumers under October’s FCA.
In December 2024, Prime Minister Shehbaz Sharif had directed a reduction in electricity prices and the immediate shutdown of outdated, inefficient power plants. During a review meeting on future electricity generation and the transmission system, the premier emphasized prioritizing low-cost energy projects that rely on local resources.
The PM highlighted hydropower as a key source of affordable and eco-friendly energy and called for a shift towards solar energy, given Pakistan’s significant solar potential. He instructed officials to expedite reforms in the electricity transmission system and enforce international standards by adopting modern technology. Furthermore, strict action was urged against officials deliberately delaying reforms, with a directive to complete all power sector reform measures within the specified timeframe.
NEPRA also concluded its hearing of K-Electric’s bid evaluation report for 150 MW renewable energy projects on December 11. A statement from K-Electric highlighted significant progress in renewable energy, mentioning that the submitted bid covers solar projects at Winder and Bela, Balochistan.
Following NEPRA’s earlier approval, K-Electric initiated the industry’s first competitive bidding process for renewable energy projects. The 150 MW Winder and Bela projects are part of K-Electric’s larger plan to introduce 640 MW of renewable energy, with a long-term goal of integrating 1,300 MW of sustainable power into its generation mix by 2030. KE aims to achieve 30% renewable energy integration in its generation portfolio over the next five years.
