You are here

Month: January 2024

NEPRA awards 10-Year Licence to PPIB to run power auctions in Pakistan

Admin
Nepra-KE-1

ISLAMABAD: The National Power Regulatory Authority (NEPRA) has granted a 10-year licence to the Private Power & Infrastructure Board (PPIB) to act as an independent auction administrator (IAA) in the country’s power sector. The licence will allow PPIB to implement a competitive market regime, known as the Competitive Trading Bilateral Contract Market (CTBCM), to procure electricity through transparent and efficient…

Read More

9-cent tariff: Govt yet to cross several bridges?

Admin
Power-generation

ISLAMABAD: The government is yet to cross several bridges including the challenge of convincing the International Monetary Fund (IMF) before it can slash industrial tariff to cents 9/kWh, which would require further burdening all category of consumers, including vulnerable domestic consumers, well-informed sources told Business Recorder. According to the press release issued by the IMF dated 11 January 2024 after its…

Read More

Side pact with coal-fired IPPs: ECC refuses to extend support to Power Division

Admin
cpec

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reportedly refused to extend support to the Power Division to sign side agreement with other coal-fired IPPs except Port Qasim Electric Power company (PQEPCL), insisting that the case of Sahiwal coal power plant be submitted separately, well informed sources told Business Recorder. Sharing the details, sources said at a recent meeting…

Read More

KE expresses its ‘limitation’ towards implementing integration plan

Admin
k-electric

ISLAMABAD: K-Electric has expressed its limitation in implementing the approved integration plan as it is unable to provide feedback on the test-run report. Responding to the test-run report of the CPPA-G, K- Electric has requested separate deliberations with the CPPA-G and on KE integration plan by NEPRA as agreed by CPPA-G. The Cabinet Committee on Energy (CCoE) recently approved the…

Read More

Petrol, diesel likely to become cheaper by Rs10

Admin
Petroleum-prices

ISLAMABAD: The petrol price is estimated to decline by about Rs9-10 per litre on Jan 15 for the next fortnight due to a combination of lower international prices, exchange rate gains and a decline in premium. High-speed diesel (HSD) is also expected to be cheaper by around Rs2 per litre. Informed sources said the prices of all petroleum products had…

Read More

Economy stable, but challenges persist: IMF

Admin
IMF-demand

WASHINGTON: The IMF Executive Board’s decision to disburse around $700 million to Pakistan reflects a positive review of the country’s economic reform programme. While economic activity has stabilised, challenges persist, contingent on the effective implementation of sound policies. Macroeconomic conditions have shown improvement, with a projected two per cent growth in FY24. The fiscal position strengthened in 1QFY24, achieving a…

Read More

Pak-China EV organized training session for sustainable energy practices

Admin
china-pak

A joint venture company Pak China Huazi Green Energy (Private), organized an Electric Vehicle (EV) training session here with the cooperation of National Skills University (NSU). Talking to media, Khalid Mahmood, CEO of Huazi Green Energy said the two-day EV Repair and Maintenance Introductory Course this week, showcased the collaborative efforts between NSU and Pak-China Huazi Green Energy Pvt Ltd.…

Read More

PSA urged to set up dedicated complaint cell to deal with grey channel clean energy products

Admin
renewal-energy

The concerned distributors of renewable energy equipment in the country have urged the Pakistan Solar Association (PSA) to establish a dedicated complaint cell to take up the issues faced by the end-users in the country due to unchecked import of unauthorised solar power equipment through the grey channel.“The bona fide distributors and EPC contractors in the Pakistani market who have…

Read More

OGDCL, PPL, POL win four exploration blocks

Admin
OGDCL-1

KARACHI: The ministry of Energy has provisionally awarded four new oil and gas exploration blocks to three local companies, according to a stock exchange filing by one of the winners on Thursday. Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Pakistan Oilfields Limited (POL) won the blocks in a competitive bidding round held by the government…

Read More

Nepra approves 2pc transmission losses for STDC

Admin
Nepra-KE-1

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved 2.0 percent transmission line losses to Sindh Transmission and Despatch Company (STDC) from its Commercial Operation Date (COD), i.e, January 18, 2018 after Sindh government made hue and cry over the delay in the decision. The NEPRA awarded the Transmission License to STDC on December 17, 2015 under Section 19…

Read More