ISLAMABAD: The Supreme Court has been urged to declare the Private Power and Infrastructure Board (Amendment) Act, 2023, repugnant to the constitution; hence quashed as void abinitio. Saeeda Begum, on Wednesday, filed a petition under Article 184(3) of the constitution and cited the federation through the secretary Establishment, the federal government through secretary Ministry of Energy, chairman National Energy Power…
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KARACHI: K-Electric spokesperson reiterated that the company understands the prevailing concerns regarding the rising electricity prices and shed light on the fact that power distribution companies operate in a regulated environment in the country and that electricity rates and applicable taxes are determined by NEPRA and the honourable Government of Pakistan. As such, any stipulated changes will be applicable across…
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Karachi Mansha Brothers, a renowned name in the technology industry, proudly announced the launch of their latest line of NEC products at a grand event held here recently at a five-star hotel. The event was marked by the presence of distinguished guests and media, insightful speeches, and a comprehensive product showcase, highlighting the brand’s commitment to pushing the boundaries of…
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ISLAMABAD: The Oil & Gas Development Company Limited (OGDCL) on Wednesday announced a remarkable achievement in its pursuit of production optimization initiatives. The company has achieved an impressive enhancement in production at the Siab-1 well, situated within the Baratai Block in the Kohat district of Khyber Pakhtunkhwa province.Siab-1, a collaborative effort under a joint venture where OGDCL operates with a…
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ISLAMABAD: With the expiry of exclusivity of the existing distribution companies (Discos) and K-Electric, private entities have started seeking distribution licences for the supply of electricity to bulk power consumers (BPCs) at the retail stage. The exclusive distribution licences of all the public sector Discos of formerly Wapda and KE have already expired and now are operating on temporary extensions…
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ISLAMABAD: The caretaker federal cabinet Tuesday decided to take the IMF on board on its decision to provide relief to power consumers against the inflated bills setting off countrywide demonstrations. The cabinet met here with Prime Minister Anwaar-ul-Haq Kakar in the chair. After attending the cabinet meeting, caretaker Information Minister Murtaza Solangi said the government would announce the decision after…
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KARACHI: Pakistan needs to adopt sustained and consistent energy policies to provide cheap and reliable electricity to its people, a panel of experts and stakeholders said on Tuesday. The panel discussion, organized by the Policy Research Institute for Equitable Development (PRIED), focused on the challenges and opportunities of using solar power in high-loss feeder areas, where load shedding and electricity…
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KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to prepare a better strategy for dealing with the circular debt of the power sector, instead of excessively burdening the consumers. The FPCCI on Tuesday said that the government should negotiate with the power plants to increase the debt payment period to reduce the capacity…
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ISLAMABAD, August 29, 2023: The Oil and Gas Development Company Limited (OGDCL) on Tuesday hosted a dynamic workshop on energy in collaboration with the Lahore University of Management Sciences (LUMS). The workshop, held at the OGDCL headquarters, provided a platform for industry experts and thought leaders to convene and deliberate on the current landscape, future prospects, and collaborative initiatives within…
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Global power sector saved fuel costs of USD 520 billion last year thanks to renewables, says new IRENA report. Abu Dhabi, United Arab Emirates, 29 August 2023 – The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil…
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