Energy Minister denies plans to scrap solar net-metering

News Image

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 163,304.13
424.61M
-0.78%
-1286.28
ALLSHR 99,380.97
1,038.42M
-0.94%
-946.44
KSE30 49,842.51
138.16M
-0.73%
-367.30
KMI30 238,104.17
78.33M
-0.14%
-327.97
KMIALLSHR 65,590.95
485.77M
-0.66%
-435.42
BKTi 45,705.29
72.87M
-2.08%
-972.73
OGTi 32,671.23
13.00M
-0.23%
-74.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,990.00 112,355.00
109,820.00
570.00
0.52%
BRENT CRUDE 65.69 66.78
65.41
-0.30
-0.45%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.05
-1.29%
ROTTERDAM COAL MONTHLY 92.60 0.00
0.00
0.10
0.11%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 61.44 62.59
61.21
-0.35
-0.57%
SUGAR #11 WORLD 14.97 15.34
14.93
-0.32
-2.09%

Chart of the Day


Latest News
October 25, 2025 at 08:17 PM GMT+05:00

ECC directs urgent coordination to contain inflation


October 25, 2025 at 08:17 PM GMT+05:00

Govt mandates governance training for SOE board members


October 25, 2025 at 08:17 PM GMT+05:00

Pakistan, Canada eye collaboration in mineral, LNG sectors


October 24, 2025 at 05:12 PM GMT+05:00

AGP limited profit soars 80% in 9MFY25


October 24, 2025 at 05:06 PM GMT+05:00

PSX Closing Bell: Fading Out on Friday



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg