ISLAMABAD: Taking serious notice, the National Electric Power Regulatory Authority (Nepra) has responded to a wave of consumer complaints regarding excessive electricity billing and alleged meter reading discrepancies by summoning the Chief Executive Officers (CEOs) of all state-owned distribution companies next week. A substantial number of grievances were filed by electricity consumers at Nepra’s headquarters, primarily concerning incorrect meter readings…
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ISLAMABAD: As the threat of billions of dollars in penalty looms, Iran has asked Pakistan to extend their gas pipeline deal to keep the project alive in future. Pakistan and Iran have not been able to execute the Iran-Pakistan (IP) gas pipeline project because of longstanding US sanctions against Tehran over the latter’s alleged nuclear programme. Iran has already built…
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Xi’an, China, August 30, 2023- LONGi, the world leading solar technology company headquartered in Xi’an, released its business results for the first half of 2023 today. In the first half of 2023, LONGi generated CNY 64.652 billion in revenue, with a YoY increase of 28.36% and achieved CNY 9.178 billion in net profit attributable to shareholders of the listed company, with a YoY increase…
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ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed the Ministry of Planning to prepare a five-year plan and national economic agenda to set a long-term economic direction. The planning ministry was also mandated for the constitution of different working groups to formulate the next five-year plan from 2023-24 to the fiscal year 2028-29. The planning ministry has also been mandated…
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LAHORE/ISLAMABAD: Over 330 electricity thieves, including important figures, have been found involved in power theft in the Lahore Electric Supply Company (Lesco) region. According to the Lesco spokesperson, 130 FIRs have been filed and 11 suspects arrested in a crackdown, which has been launched in the country. “Former Member of National Assembly Mehr Saeed Zafar Padhar was also found involved…
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MD urges nation to reduce dependency on gas, transform consumption habits LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) Managing Director, Amer Tufail, addressed a press conference on Thursday, shedding light on the critical issue of gas theft and the company’s concerted efforts to combat this menace while ensuring efficient gas utilisation in the nation. Tufail began by highlighting a stark…
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K-Electric claims 100% dollar indexation for tariffs of solar power plants ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has voiced concerns over dollar indexation for solar power plants, which are being set up with the help of domestic financing in Karachi. Dollar indexation has long been a subject of debate as previous governments allowed linking dollar rate even to…
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LAHORE: Chairman WAPDA Lt Gen (Retd) Sajjad Ghani inspected the ongoing construction progress of the Mohmand Dam Project today and directed the contractor to ensure the completion of the diversion system during the upcoming low-flow season for the River Swat. During his visit, the chairman assessed various construction sites, including concrete works on the upper stilling basin of the spillway,…
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Pakistan Gasport is looking to buy a spot liquefied natural gas (LNG) cargo for November delivery, its chairman Iqbal Ahmed told Reuters on Thursday, which would be the country’s first spot LNG deal since June 2022. The country, facing a severe economic and foreign exchange crisis, has struggled to purchase the super-chilled fuel following a surge in prices after Russia’s invasion of Ukraine last year.…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday approved about 29 per cent increase in average generation tariff for Wapda’s hydroelectric stations to meet its Rs155 billion annual revenue requirement. Under the decision, the average generation tariff for FY23 has been allowed at Rs4.96 per unit when compared to Rs3.85 per unit in FY22. The Rs1.11 per unit…
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