Friday, May 24, 2024

No plans for taxation on solar net metering: Awais Leghari

Awais Leghari, the Federal Minister for Power Division, has unequivocally dismissed any intentions of the government to levy taxes on solar net metering. Addressing a private news channel, Leghari reaffirmed the government's commitment to retaining existing regulations pertaining to net metering for already installed solar systems.

"The government stands firm on maintaining the current regulations concerning net metering for solar systems," Leghari stated emphatically.

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However, Leghari did acknowledge the possibility of considering taxation on solar net metering in the coming years, citing concerns over potential fiscal losses and an increase in circular debt associated with the practice.

Net metering, a billing mechanism allowing consumers to offset their electricity bills by exporting excess solar energy to the grid, was underscored as a vital tool in renewable energy adoption.

Highlighting the challenges posed by capacity payments, Leghari outlined forthcoming reforms aimed at enhancing the transmission infrastructure over the next four years.

Encouraging the public to embrace solar power, Leghari stressed its role in alleviating strain on the power generation system.

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Moreover, he outlined initiatives to enhance customer service, combat power theft, and ensure stringent enforcement against energy pilferage, emphasizing a zero-tolerance approach towards service quality lapses.

Additionally, Leghari hinted at potential privatization measures, revealing plans for long-term operational management contracts as a precursor to privatization efforts aimed at value addition.

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Zubair Yaqoob
Zubair Yaqoob
Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories.Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting.Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.
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