KARACHI: National Electricity Regulatory Authority (Nepra) has said that the KE is the only Disco that is using handheld devices for meter reading. According to Nepra’s recently issued inquiry report on billing practices in Discos, Karachi Electric (KE) is the only company using handheld devices for meter reading, which are an effective solution at ensuring transparency in the meter reading…
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ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed, on Tuesday, chaired a meeting to review the progress of the power sector of the ministry. The chief energy section gave a detailed briefing on current statistics, prevalent policies and new initiatives of the power sector. The power section of the Planning Ministry is assigned the tasks of…
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ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday hinted at granting extension for four months in Commercial Operation Date (COD) to Turkish power firm M/s Zorlu Enerji along with same tariff approved previously as the company has only one issue with CCPA-G, i.e., interpretation of word “degradation”. Asian Development Bank’s Senior Investment Officer, Sheryar Ali Chaudhary said that financing…
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ISLAMABAD: Pakistan’s power sector circular debt stock crossed Rs 2.6 trillion by October 31, 2023, showing 13 percent or Rs 75.25 billion per month growth in its flow as anti-theft and recovery drive failed to give results as per expectations. According to sources, circular debt stock touched Rs 2.310 trillion at the end of FY 2022-23, with has now reached…
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BENGALURU: India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world’s third-largest economy by 2030, S&P Global Ratings said in a report. S&P expects India, currently the world’s fifth-largest economy, to grow at 6.4 per cent this fiscal year and estimates growth will pick up to 7pc by…
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ISLAMABAD: The power division has notified a freeze on monetised cost of free electricity units to all the senior employees of power companies and the Water and Power Development Authority (Wapda) at the existing level for future. In a notification issued here on Tuesday, the power division said the federal cabinet had approved monetisation of free electricity units admissible to…
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On the sidelines of the COP 28 Climate Conference in Dubai, the Ministers of Energy of the Kyrgyz Republic, the Islamic Republic of Pakistan, and Republic of Tajikistan met to review progress of the $1.2 billion CASA-1000 Regional Power Transmission and Trade Project. The works in Pakistan, Kyrgyz Republic and Tajikistan sides went well and they demonstrate their collective support…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) Tuesday approved a Rs3.07 per unit increase in electricity prices, applicable to all power distribution companies. In a notification, the regulator said: “The […] adjustment shall be shown separately in the consumers’ bills on the basis of units billed to the consumers in the month of October 2023 in the billing month…
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ISLAMABAD: Pakistan’s crippling power sector is faced with persistent difficulties on account of capacity charges of Rs2.3 trillion, increased reliance on foreign-funded and uncompetitive imported fuel, and inflated billings of Rs100 billion from voiceless consumers. “The capacity charges of Rs2.3 trillion, mainly because of the depreciated exchange rate, have become one of the major problems, and the solution lies in…
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Engro Corporation Limited, one of Pakistan’s largest conglomerates, on Monday rejected ‘false information’ suggesting that the company is considering closing its operations in the country. “In response to recent false information circulating on social media regarding Engro ceasing its operations in Pakistan, we wish to clarify that the same lacks any factual basis, is unfounded and we outrightly reject the…
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