Wednesday August 17, 2022

Pakistan to set up wholesale electricity market

By Our Correspondent
March 10, 2021

LAHORE: Pakistan finally moves towards setting up the wholesale electricity market; following digitising upstream energy sector with the help of the United States of America.

This was made possible as the United States Mission to Pakistan on Tuesday officially handed over an innovative new metering system to the government of Pakistan to help network and market operators better manage the national power grid.

The Secure Metering System, developed by the United States Agency for International Development (USAID), improves Pakistan’s National Transmission and Despatch Company’s (NTDC) ability to forecast power requirements across the country.

It also allows Pakistan’s Central Power Purchasing Agency, Guarantee Ltd (CPPA-G), to set up an efficient, transparent, and trustworthy billing system for private investors.

Eventually, this will enable the government of Pakistan to buy power at competitive rates from private companies and provide it to consumers at affordable rates.

“The launch of this system is an important milestone for the NTDC and the CPPA-G,” said Julie Koenen, USAID mission director. “This initiative facilitates the digitalisation of Pakistan’s power sector and will also help the government achieve its vision to start a wholesale electricity market, which will reduce electricity prices for consumers, and provide incentives for businesses and industry to expand their operations.”

“NTDC is committed to improving its operations, and SMS will take our forecasting, data collection, and power management operations to the next level,” NDTC Managing Director Dr Khawaja Riffat Hassan said.

In addition to the handover activity, the event featured a graduation ceremony for 21 energy professionals of CPPA-G and NTDC who progressed from basic to advanced training. The handover ceremony was organised by the USAID’s Sustainable Energy for Pakistan (SEP) project, a four-year technical assistance initiative.