Energy Minister denies plans to scrap solar net-metering

MG News | May 23, 2024 at 03:25 PM GMT+05:00

0:00

May 23, 2024 (MLN): Federal Minister for Energy Awais Ahmad Khan Leghari has rejected the media reports claiming that the government is planning to end solar net-metering policy.

The minister’s remarks come amid rumors circulating in the media that the government had committed to the International Monetary Fund (IMF) to replace net-metering with a new gross-metering policy.

The minister debunked these reports while speaking at a press conference at the Lahore Electric Supply Company (LESCO) headquarters.

He said the government welcomes investment in solar power.

Awais Ahmad assured, “There is no such policy that has been introduced that is going to change any conditions for net-metering owners or the distribution companies (DISCOs) so far.”

He added that in the future, if there is a need for any change in the policy, it would be done in a responsible way and after taking all stakeholders into confidence.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	185,543.01 576.35M	-0.52% -975.70
ALLSHR	110,883.95 1,421.07M	-0.21% -234.71
KSE30	56,998.00 313.06M	-0.83% -479.10
KMI30	261,472.18 320.16M	-0.88% -2323.37
KMIALLSHR	71,138.29 707.65M	-0.30% -213.12
BKTi	54,074.14 81.81M	-1.08% -590.97
OGTi	36,259.39 25.98M	-0.18% -64.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,300.00	91,855.00 91,240.00	195.00 0.21%
BRENT CRUDE	62.32	62.60 62.26	0.33 0.53%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.05 0.06%
ROTTERDAM COAL MONTHLY	97.90	98.15 97.75	-0.80 -0.81%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.04	58.45 57.98	0.28 0.48%
SUGAR #11 WORLD	14.96	15.08 14.90	-0.02 -0.13%