ISLAMABAD: The Ministry of Energy has sought the approval of the Economic Coordination Committee (ECC) of the Cabinet to revise upward the price of indigenous gas supply to Fatima Fertilizer and Agritech to Rs1,238.68/MMBtu following the Determination of the Estimated Revenue Requirement (DERR) by the OGRA for the fiscal year 2023-24. Sources in the Finance Ministry said that the Ministry…
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KARACHI: While continuously facing a gas shortage in the system, Sui Southern Gas Company Ltd (SSGCL) on Friday announced a supply suspension for 48 hours for industries starting from Jan 6 (8:00 am) to Jan 8. SSGCL said the availability of gas has decreased, resulting in the depletion of line packs, causing low pressures in the system. All industries including…
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ISLAMABAD: The power regulator Nepra has announced a significant fuel cost adjustment (FCA) of Rs4.13 per unit for users of government-owned distribution companies (Discos), marking a substantial financial impact of about Rs35 billion. This adjustment relates to electricity consumed in November and will be reflected in the January bills of consumers, except those in the lifeline category and K-Electric users.…
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As the new year ushers in, reflecting on the achievements, 2023 has been a milestone for Growatt, marked by moments of growth, transformation, and learning. According to S&P Global Commodity Insights, Growatt remains the global NO.1 residential inverter supplier. The company is also making great progress in C&I and large-scale PV plants, strengthening its position among the world’s top 4…
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Onshore and offshore wind sources accounted for 31.1% of power generated The share of electricity generated from renewable energies in the German grid load was 55% in 2023, according to the electricity market data platform of the Federal Network Agency. Wind turbines made the biggest contribution to this – especially on land. Onshore and offshore installations together accounted for a share…
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ISLAMABAD: Pakistan Foreign Renewable Energy Forum (PFREF) has approached Army Chief General Syed Asim Munir for resolution of long pending issue of 13 wind and solar projects of 600 MWp with an investment of $ 600 million. In a letter to the COAS, President of (PFREF), Mustafa Abdulla has praised Gen Asim for his untiring efforts to remove bureaucratic hurdles…
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ISLAMABAD: The prospects of transfer of shares of K-Electric (KE) to new buyers are reportedly unclear as the federal government has directed its legal team to maintain status quo in Sindh High Court (SHC). Background interviews with circles aware of developments in the matter revealed that the legal team recently informed the government that they have succeeded in maintaining status…
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Release Rs131b to state-owned power companies without recovering dues ISLAMABAD: The interim government has violated a decision of the federal cabinet, failing to recover approximately Rs95 billion from publicly-owned power sector companies. Instead, it released Rs131 billion without first deducting its receivables. This failure by two ministries to implement the cabinet’s decision has resulted in a higher level of budget…
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Karachi – The latest findings from the renowned Gallup International Association’s annual End of Year Survey have unveiled intriguing insights into global sentiments, with Pakistan emerging as a noteworthy focal point. In a tradition spanning over four decades since 1978, the survey, conducted across 42 countries with a robust sample size of 40,428 respondents, aimed to capture the pulse of…
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday approved a second increase in power tariff within a week for the consumers of K-Electric. The regulator, on a request by the Karachi-based power utility, gave the approval of Rs2.87 per unit hike, which comes as part of a quarterly tariff adjustment (QTA) from January to March 2023. The decision…
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