Nuclear power leads Pak grid at half-cent cost

ISLAMABAD: Nuclear power again emerged as Pakistan’s leading source of electricity in December 2024, contributing over 26 percent to the national grid at a remarkably low cost of just over half a US cent per unit.

This marks a continued rise in the share of nuclear energy in Pakistan’s power mix, underscoring the country’s shift towards cleaner, more cost-effective sources of energy.

In December 2024, nuclear energy provided 2,065 gigawatt-hours (GWh), or 26.48 percent of total electricity generation. This was followed by hydropower at 22.8 percent and RLNG-based power at 20.7 percent. Despite higher costs for fossil fuel sources, such as natural gas and local coal, nuclear remains a cornerstone of Pakistan’s energy strategy due to its lower cost and environmental benefits. In January 2024 too, nuclear generation remained the top source, contributing 20.78 percent (1,728 GWh) to the grid. This milestone was first achieved in December 2022, when nuclear power contributed more than 27 percent (2,284.8 GWh) to the country’s energy mix. The nuclear power was 26.48pc of energy mix outpacing hydropower and RLNG.

“Nuclear energy is central to our plan for a sustainable energy future,” said an energy official. “It offers a viable alternative to expensive and polluting fossil fuels, which have drained billions from our economy.”

If Nepra approves the refund, it could provide some financial relief to electricity consumers in February. However, the adjustment would not apply to lifeline consumers, electric vehicle charging stations, or customers of K-Electric.

Nepra has scheduled a public hearing for January 30, 2025, to review the application and gather feedback from stakeholders. Interested parties are invited to submit written or oral objections during the proceedings, as part of the regulatory process.