Year: 2021

National Electric Power Regulatory Authority (Nepra) has approved a refund of Rs 6.7 billion to the consumers of Discos for a period of 12 months on account of Quarterly Adjustment (QTA) pertaining to the 3rd Quarter of FY2020-21. The allowed benefit amount has an impact of around Paisa 6.7/kWh on uniform basis on all consumers except lifeline and increment industrial…

The Power Division has approached National Electric Power Regulatory Authority (Nepra) for approval of a new subsidy mechanism for domestic consumers of Discos and KE, meant to bifurcate domestic consumers in more categories for higher revenue generation. The purpose of the new mechanism is to expand definition of lifeline consumers to include residential non-Time of Use (ToU) consumers having maximum…

The Manila-based Asian Development Bank (ADB) has communicated to the Power Division in plain words that it will not extend $400 million loan for multi-billion dollars Advanced Metering of Infrastructure (AMI) project if its scope is changed and also communicated to the government to pay over $2.2 million penalty as commitment charges for not utilising the loan for the project…

KE and Karachi share a relationship that extends over a century. We are deeply enmeshed in the fabric of this city and have witnessed its growth from humble origins to today’s bustling megalopolis. Today, Karachi is responsible for 20% of Pakistan’s GDP, contributes over 55% of federal tax revenue, and handles over 95% of foreign trade through its ports. The…

Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers, the authority said in a statement on Sunday. The statement does not make clear where the project, called EV City, will be located. The design and construction tendering process will be during the 2011/22 fiscal year, said KPA’s General Manager…

With oil and gas exploration and production flows weakening over the few years, reserves running dry, and discoveries remaining small and insignificant, FY20 was a weak link in for the sector not only due to the pandemic but also extreme volatility in oil prices to a point that they turned negative. them. Overall, oil production declined by 14 percent year-on-year,…