The Power Division has decided to temporarily delay its net metering tariff rationalization plan, citing recent electricity tariff hikes and increasing public pressure as key factors. Originally, the Prime Minister had instructed the Power Division to finalize the plan by May 31, 2024. This deadline was extended twice, with the latest target set for September 30, 2024.

However, no specific date has been announced for the plan’s introduction, according to a report by Business Recorder.

In related developments, the restructuring of the National Transmission and Despatch Company (NTDC) is currently underway. Efforts are also being made to operationalize a competitive electricity market, address wheeling charges, and evaluate stranded capacity costs.

The Power Division is collaborating with the Sindh government to expand the Thar coal mine project. Additionally, discussions with China are advancing to convert the Sahiwal, Port Qasim, and Hub China coal power plants to Thar coal by July 1, 2029.

On the privatization front, the Cabinet Committee on Privatisation has approved the sale of several state-owned entities, including IESCO, FESCO, and GEPCO, with a target completion date of January 1, 2026. Furthermore, discussions with World Bank officials are scheduled for September 18-20, 2024, to review progress on energy sector reforms and future projects.