Allows recovery of Rs1.72 tariff hike from K-Electric consumers ISLAMABAD: The interim government on Friday approved sovereign guarantees of Rs100 billion in favour of Pakistan State Oil (PSO) to help the company avoid bankruptcy and also allowed recovery of Rs1.72 per unit hike in electricity prices from K-Electric (KE) consumers. The decisions were made by the Economic Coordination Committee (ECC)…
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NEPRA asked to approve run-of-the-river project in Kohistan district ISLAMABAD: LSG Hydro Power Limited (LSG) is seeking concurrence of the National Electric Power Regulatory Authority (Nepra) for its 470-megawatt Lower Spat Gah Hydro Power Project, which is planned to be set up in Kohistan. Total cost of the project is estimated at $1.031 billion. LSG has submitted an application for…
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ISLAMABAD: Sui Northern Gas Pipeline Limited (SNGPL) said that it is facing grievous liquidity due to outstanding dues of Rs 176.302 billion against the power sector. “A huge amount of Rs 176.302 billion has piled up against power sector due to non-payment of outstanding dues by Wapda and Central Power Purchasing Agency –Guaranteed (CPPA-G),” said Chief Financial Officer SNGPL in…
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ISLAMABAD: Turkmenistan is said to have approached Washington for relaxation of sanctions on Afghanistan for financing of much talked about TAPI (Turkmenistan- Afghanistan- Pakistan- India) project, sources close to Secretary Petroleum told Business Recorder. This update was shared by Muhammetmyrat Amanov, Chief Executive of TAPI Pipeline Company Ltd with visiting Pakistani delegation led by Major General Tabassum Habib, Director General, Special…
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ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has constituted a four-member panel on conversion of the pay scale from MP-1 scale to last pay drawn of Chairman and MP-II to MP-1 scale of members of Nepra appellate tribunal, official sources told Business Recorder. The caretaker Prime Minister took this decision on a proposal of Ministry of Law and Justice in which the…
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November 8, 2023: Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) today visited Mohmand Dam Project, being constructed across River Swat in Mohmand District of Khyber Pakhtunkhwa Province. He reviewed construction activities on different sites of the project – the spillway and the river diversion tunnels in particular. At present, construction works relating to excavation, stabilisation and concreting are being…
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LAHORE: Pakistan is planning to boost its installed power generation capacity by 40 percent in the next eight years, as it seeks to meet the growing demand for electricity and shift to cleaner sources of energy. The country aims to increase its power capacity from 45 gigawatts to 63 gigawatts by 2031, according to an official document. The plan, which…
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Experts urge govt to formulate comprehensive policy for EVs KARACHI: Electric bike assemblers and dealers in Pakistan are striving to make electric two-wheelers more appealing than the decades-old 70cc petrol versions, with an ultimate goal of replacing combustion engines in a few years. However, questions about the viability of these electric bikes persist due to the lack of proper infrastructure…
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Negotiations at advanced stage, financing may be released by next month ISLAMABAD: Pakistan has sought $600 million in fresh loans from two Chinese banks to bridge a big financing gap and also bets on successful completion of International Monetary Fund (IMF) talks for improvement in its credit rating to borrow from non-Chinese foreign banks. Sources told The Express Tribune that…
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ISLAMABAD: The government has decided to allow electricity distribution companies (Discos) to confiscate electric appliances and equipment besides imposing heavy penalties like ‘detection bills’ equivalent to five years of power consumption against consumers and premises found in electricity theft to make up for the energy losses. The government has sent its decision to the National Electric Power Regulatory Authority (Nepra) for amendments…
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