{"id":7989,"date":"2024-09-14T05:01:04","date_gmt":"2024-09-14T05:01:04","guid":{"rendered":"https:\/\/gsrra.com\/?p=7989"},"modified":"2024-09-14T05:01:05","modified_gmt":"2024-09-14T05:01:05","slug":"pakistan-power-companies-agree-to-cut-tariffs-at-pms-request","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=7989","title":{"rendered":"Pakistan: Power companies agree to cut tariffs at PM’s request"},"content":{"rendered":"\n

Energy companies commit to lower electricity tariffs, with a focus on making power more affordable for Pakistanis.<\/em><\/strong><\/p>\n\n\n\n

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\"a<\/figure>\n\n\n\n

A major problem, which is not specific to the IPPs, is the amount of taxes and surcharges that consumers pay on electricity bills, which now constitute up to 33% of the bills.

In response to a request from Pakistan\u2019s Prime Minister Shehbaz Sharif, local energy companies have agreed to lower electricity production tariffs, providing much-needed relief to the public amid an ongoing energy crisis.<\/p>\n\n\n\n

Liberty Power Producers and other major power companies, including Gul Ahmed Energy Power Plant, have expressed their commitment to reducing tariffs.<\/p>\n\n\n\n

The Chairman of Gul Ahmed Energy Power Plant, Danish Iqbal, highlighted the collective responsibility of all stakeholders in tackling the country’s energy issues.<\/p>\n\n\n\n

“Our primary goal is to lower electricity tariffs for the people of Pakistan,” said Iqbal, adding that the energy sector must work together to address the crisis.<\/p>\n\n\n\n

Gul Ahmed Wind Power Ltd also reiterated its commitment to ensuring affordable energy for consumers while contributing to Pakistan’s economic well-being.<\/p>\n\n\n\n

Danish Iqbal emphasized that the country needs a long-term strategy for harnessing renewable sources like wind and solar power, which would bring down production costs significantly.<\/p>\n\n\n\n

He also pointed out that lowering interest rates could have a positive impact on electricity tariffs.<\/p>\n\n\n\n

“We need to engage with foreign investors and lenders to create solutions for producing cheaper electricity,” Iqbal added.<\/p>\n\n\n\n

As the demand for electricity in Pakistan continues to exceed production, energy producers are looking at innovative ways to increase output while reducing costs.<\/p>\n\n\n\n

Iqbal noted that engaging foreign shareholders and switching to renewable energy sources will be key to achieving this goal.<\/p>\n\n\n\n

The companies’ efforts to reduce tariffs are seen as a step forward in easing the financial burden on consumers and stabilizing the power sector.<\/p>\n\n\n\n

Reference Link:- https:\/\/tribune.com.pk\/story\/2495856\/power-companies-agree-to-cut-tariffs-at-pms-request<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Energy companies commit to lower electricity tariffs, with a focus on making power more affordable for Pakistanis. A major problem, which is not specific to the IPPs, is the amount of taxes and surcharges that consumers pay on electricity bills, which now constitute up to 33% of the bills. In response to a request from […]<\/p>\n","protected":false},"author":1,"featured_media":7991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[3629,3625,132,3624,105,36,3626,3627,3623,3628],"class_list":["post-7989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-consumer","tag-cost-of-electricity","tag-economy","tag-electricity-price","tag-geopolitics-2","tag-pakistan","tag-power-companies-accepted-pm-request","tag-power-produced-to-cutt-tariff","tag-power-tariff","tag-relief-to-public"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/7989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7989"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/7989\/revisions"}],"predecessor-version":[{"id":7992,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/7989\/revisions\/7992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/7991"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}