Karachi’s power utility K-Electric has awarded an Engineering, Procurement and Construction (EPC) contract for the construction of 500/220 kV Grid at KANUPP – K-Electric Interconnection (KKI) to Siemens (Pakistan) Engineering Company Limited. In its notice to the Pakistan Stock Exchange (PSX) on Friday, the Karachi-based electric supply company informed that the estimated value of the EPC contract is around $84…
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The National Electric Power Regulatory Authority (Nepra) on Friday imposed a fine of Rs50 million on the National Transmission and Despatch Company (NTDC) for its “inability to restore power supply in a timely manner” in the wake of the “total power system collapse” that occurred in January 2021. According to the regulator, it took approximately 20 hours to restore the system.…
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Pakistan Petroleum Limited (PPL), the state-owned supplier of natural gas and petroleum products, has commissioned the recently installed Oil Handling Facilities (OHF) and commenced production from discovery well DS X-1 in Dhok Sultan Block, situated in the Province of Punjab. In a filing on the bourse on Friday, the company said it is an operator of the Dhok Sultan Block…
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The Pakistan Meteorological Department (PMD) Friday predicted another spell of extremely hot weather during next week, advising the general public to avoid unnecessary exposure to direct sunlight and to use water judiciously. The Met Office informed that high pressure is likely to grip the upper atmosphere from Sunday, due to which day temperatures are likely to increase gradually in most…
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Ministry of Energy on Thursday said up to 11,650 megawatt (MW) had been added to the national grid system during the period of 2013 to 2018. About 3000 MW clean energy was added to the system during the said period, the ministry said in a statement. Out of total 3000 MW, 1350 MW hydel and 1400 MW wind and solar…
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The International Monetary Fund (IMF) has asked the Pakistan government to bring the current account deficit (CAD) under control — a deficit that has ballooned to 13.16 billion dollars in the first eight months of the current fiscal year and at this rate is likely to surpass the 20 billion dollar deficit that the Khan administration inherited in 2018. Memories…
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The World Bank has held the previous government and National Electric Power Regulatory Authority (Nepra) responsible for addition of more than Rs 500 billion to the Circular Debt (CD) in FY 2021-22 as many prior actions were not taken on time. “There have been delays in annual tariff rebasing and Quarterly Adjustments (QTA) which were included in five Priority Actions…
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