[Karachi, Pakistan – September 13, 2023] – Sunova Solar, a leading innovator in the renewable energy industry, recently participated in the Solar Pakistan Exhibition & Conference, held from September 7 to 9 at the Karachi Expo Centre. The event marked a significant milestone for Sunova Solar as it showcased its commitment to providing sustainable energy solutions to the Pakistani market.…
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KARACHI: Hub Power Company (Hubco)’s net consolidated profit soared almost 110% to Rs62 billion in the year ended June 30, 2023 primarily due to increase in sales and a jump in share of profits from associates and joint ventures. The company earned Rs29.58 billion in the previous year, according to the profit or loss account sent to the Pakistan Stock…
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ISLAMABAD: Private Power & Infrastructure Board (PPIB) has extended Letter of Interest (LoI) of 640-MW Mahl Hydropower Project till December 31, 2024 subject to the condition that the Company shall keep the Bank Guarantee valid for three months beyond the allowed period of extension of the LoI, official sources told Business Recorder. During a recent meeting of PPIB Board, MD PPIB,…
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ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday grilled Chief Executive Officers (CEOs) of power Distribution Companies (Discos) for sending inflated electricity bills to the consumers just to show improvement in their recovery, well informed sources told Business Recorder. Last week, the power regulator, which always follows government’s instructions and blindly approves increase in base tariff and QTAs, took serious…
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ISLAMABAD: The interim government, launching a nationwide campaign against power theft on September 7, 2023, has uncovered more than 10.7 million units of power theft within state-operated power distribution companies. In the past six days, 6,215 theft cases were unearthed, leading to the filing of 2,380 FIRs, arrest of 369 violators, and imposition of Rs441 million fine. However, the authorities…
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