The Power Division secretary has stated that the capacity payment has doubled to Rs2,152 billion from Rs1,082 billion due to the dollar's increase from Rs100 to Rs300.
This means that power producers in Pakistan will now receive double the amount of money for their capacity, even if they do not generate any electricity. This is because the capacity payment is based on the installed capacity of a power plant, not on the amount of electricity that it actually generates.
The Power Division secretary said that the increase in capacity payments is necessary to ensure that power producers continue to invest in Pakistan's power sector. He said that the government is committed to providing a stable and predictable environment for power producers.
However, some experts have criticized the increase in capacity payments, arguing that it will burden the Pakistani taxpayer. They also argue that the government should focus on reducing the cost of electricity generation, rather than increasing the amount of money that is paid to power producers.
