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Day: December 4, 2023

K-Electric and other power companies declared responsible for overbilling

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gross-metering

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Monday declared K-Electric (KE) and power companies responsible for overbilling electricity consumers, ARY News reported.As per details, the investigation of NEPRA’s inquiry committee held K-electric and DISCOs responsible for over-billing and decided to take legal action against the power distributing authorities.The investigation uncovers that monthly meter readings exceeded 30 days, leading…

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Pakistan and Saudi Arabia Forge Stronger Ties Through Mutual Economic Endeavors

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Pak-SA

In a significant diplomatic development, Pakistan and Saudi Arabia have taken substantial strides towards enhancing their bilateral relations through a warm and insightful meeting between Prime Minister Anwaar ul Haq Kakar, Minister for Energy Muhammad Ali, and representatives from Aljomaih Holding. The meeting, attended by Sheikh Abdulaziz Hamad Al Jomaih and Shan Abbas Ashary, delved into crucial discussions regarding potential…

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Pakistani school wins $100,000 Zayed Prize for Sustainability at UAE’s COP28 conference

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Pakistani-school

DUBAI: A Pakistani school won the prestigious Zayed Sustainability Prize of $100,000 after being declared the best Global School in South Asia for its innovative project on water conservation and organic farming at the UN climate conference in Dubai on Friday.The school is operated by the Kashmir Orphan Relief Trust (KORT) and was competing for the prize against two other…

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117 countries agree to triple renewable energy, to push out fossil fuels: COP28

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Cop28-23

DUBAI: Some 117 governments pledged to triple the world’s renewable energy capacity by 2030 at the U.N.‘s COP28… DUBAI: Some 117 governments pledged to triple the world’s renewable energy capacity by 2030 at the U.N.’s COP28 climate summit on Saturday, as a route to cut the share of fossil fuels in the world’s energy production. The pledge was among a…

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Clashes over fossil fuels, Gaza war at COP28 climate summit

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climate-summit

Israel’s assault on Gaza resumes the day after the summit reaches an agreement over a long-sought rehabilitation fund UN Secretary-General Antonio Guterres has urged world leaders at the COP28 climate summit to plan for a future without fossil fuels, saying there was no other way to curb global warming. Speaking a day after COP28 President Sultan Ahmed al-Jaber proposed embracing…

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Getting NSC a must for transfer of KE shares

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k-electric

ISLAMABAD: The Ministry of Law and Justice has held that National Security Certificate (NSC) is obligatory for transfer of shares of K-Electric, which is not just a business entity but a strategic asset of the country and any alteration in its shareholding structure should be subject to a rigorous evaluation process. Ministry of Law and Justice has given its clear…

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Govt bans issuance of LOIs for hydropower projects

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Karot-Hydropower

ISLAMABAD: The Federal government has reportedly slapped ban on issuance of Letters of Interest (LoIs) for hydropower projects with immediate effect and till issuance of guidelines for future, besides starting a probe of business of sale/ purchase of LoIs, sources close to Managing Director PPIB told Business Recorder. Sharing the details, sources said, Executive Committee (EC) of the Special Investment Facilitation…

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