EnergyQuick read

Govt working to introduce virtual grid system, says power minister

Dawn • • 1 min read

Govt working to introduce virtual grid system, says power minister

Power Minister Awais Leghari said on Wednesday that the government is pursuing a virtual grid model that would let consumers produce and store their own electricity, Dawn reported. Speaking to reporters after a National Assembly panel meeting, he said work on the rules for such grids had already begun and that the rules would be completed during the final three months of the current fiscal year. He also said power distribution companies have been told to install batteries on their networks as part of a wider push to improve the system and promote energy storage.

Leghari told the committee that load-shedding currently affects roughly 3,500 of the nation's 14,500 feeders, which he attributed to power theft and line losses. He said that within a year outages would shift from whole feeders to transformers, with an on-off control system planned for around 190,000 transformers. He added that no extra load-shedding is in place at present, while the Strait of Hormuz closure has affected LNG cargo receipts and lifted the cost of one cargo from around $30 million to more than $95 million.

At a glance

  • Government plans a virtual grid where consumers can generate and store electricity.
  • About 3,500 of 14,500 feeders face load-shedding due to theft and line losses.
  • One gas cargo rose from around $30 million to more than $95 million.
Sectors:Power Generation & Distribution

Originally reported by Dawn

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Business news.Every filing, summarised.

Top stories from Pakistan's business press and key findings from every PSX announcement.

Investify announcement summary with key findings from a PSX filing
Investify app home screen with Pakistan business news and PSX filings