The National Electric Power Regulatory Authority (Nepra) on Tuesday said that government had not taken it into confidence while taking the decision to shut down the LNG terminal. The regulator is likely to reduce power tariff by 28.66 paisa per unit for the month of May under Fuel Charges Adjustment (FCA). Presiding over hearing on the petition of Central Power Purchasing Agency…
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The Ministry of Energy has blamed an LNG terminal operator for installing an old Floating Storage and Regasification Unit (FSRU) on a new terminal, which has been damaged and has to be shut down for seven days. In a statement, the Ministry of Energy said that a used FSRU was installed by the previous government in March 2015. It was…
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Bestway Cement and Reon Energy Limited today energized 14.3 MW captive Solar Power Project at Farooqia, Khyber Pakhtunkhwa. The Solar Photovoltaic Plant is part of around a 50 MW project deal dispersed across Bestway’s four locations i.e., Farooqia, Chakwal, Kallar Kahar and Hattar. The deal between Bestway and Reon is the largest distributed energy project in the region to date. The project is owned and financed by Bestway. The Solar PV project is expected to produce approximately 78,385 MWh (Megawatt hours) annually. The output energy will be used on-site resulting in substantial…
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Hubco, Pakistan’s largest IPP has announced the appointment of Kamran Kamal as its new CEO. Kamran has succeeded Khalid Mansoor who led the company for eight years. Kamran has already been a part of Hubco for the past 6 years as the CEO of Laraib Energy Limited, a hydel subsidiary of the Company. Previously, he held the position of Vice President China Power Hub…
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