Hammad announces “massive investment” in electricity

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A massive investment of Rs 111 billion will be made over the next three years in the power transmission system through the National Transmission and Despatch Company (NTDC) with the aim of reducing power shortages in the country, announced Energy Minister Hammad Azhar on Friday.

In a tweet, the federal minister said the investment would increase the capacity of the national grid system to transmit 28,750 and 31,500 megawatts (MW) in the summers of 2023 and 2024 respectively.

“In 2018, we started with just 20,811 MW,” he added.

Earlier in June of this year, the NTDC successfully transmitted 23,633 MW, the highest level of electricity transmission on record, through the National Power Control Center (NPCC).

The NTDC spokesperson said that on June 10, 2020, a maximum power of 18,392 MW had been transmitted through the NTDC network. The current 18.4% increase in electricity transmission of 5,241 MW over the previous year indicates positive growth in the electricity sector, he added.

Earlier this month, the National Electricity Regulatory Authority (NEPRA) authorized a Rs 1.65 per unit increase in the electricity tariff, as part of quarterly adjustments, which will allow distribution companies to collect Rs 173 billion from consumers over the next year.

Read more: Electricity tariff increases by Rs1.65 per unit

Electricity consumers expected some relief as the anticipated Rs 1.62 per unit adjustments expire on September 30, 2021, however, NEPRA has announced the transfer of new adjustments equal to Rs 1.65 per unit to consumers with effect from 1 October. 2021.

According to the NEPRA spokesperson, the regulator has authorized electricity distribution companies to increase the electricity tariff by Rs 0.8276 per unit for the fourth quarter of fiscal year 2019-2020, and by 0 , Rs 8,966 for the first and second quarters of fiscal year 2020-21.


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