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Day: April 16, 2024

Massive Overbilling Uncovered in Power Distribution Companies, Government Initiates Crackdown

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power-subsidy

LAHORE: Interior Minister Mohsin Naqvi announced on Monday that the government is intensifying efforts to combat power theft and overbilling in power distribution companies (Discos). Speaking at a press conference in Lahore, Minister Naqvi revealed that a staggering overbilling of 830 million electricity units has been identified in Lahore Electric Supply Company (LESCO) alone. This overbilling affected government offices, industries,…

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NEECA Plans Meeting to Explore Export of Green Hydrogen to China, Japan, and South Korea

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NEECA-Plans

ISLAMABAD: The National Energy Efficiency and Conservation Authority (NEECA) is set to hold a meeting to discuss the ‘National Green Hydrogen Strategy (NGHS)’ with a focus on formulating plans to export green hydrogen to China, Japan, and South Korea. Dr. Sardar Moazzam, Managing Director of NEECA, highlighted in a letter to the Secretary Petroleum that Pakistan faces challenges in managing…

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Mughal Energy Plans to Offer 10% Shares for GEM Board Listing

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Mughal-Energy

KARACHI: Mughal Energy, a subsidiary of Mughal Iron and Steel Industries, is set to offer 10% of its shares to new investors as part of its strategy to raise capital and list on the Growth Enterprise Market (GEM) Board at the Pakistan Stock Exchange (PSX). In a notification to the PSX, Mughal Iron and Steel Industries announced that Mughal Energy…

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Neelum-Jhelum Hydro­power Project Encounters Setback Again: Power Generation Decreases Post-Repair

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Neelum-Jhelum

ISLAMABAD: The Neelum-Jhelum Hydro­power Project (NJHP), with a capacity of 969 megawatts and an estimated cost exceeding Rs510 billion, has faced a setback shortly after resuming full capacity operation following extensive repair works lasting nearly 20 months. The project had been closed in July 2022 due to significant cracks in its 3.5-kilometer tailrace tunnel (TRT). After 13 months of repair,…

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World Future Energy Summit 2024 Opens Today in Abu Dhabi, Focused on Advancing COP28’s Change Agenda

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Energy-Summit

The World Future Energy Summit 2024 is set to open today in Abu Dhabi, marking a significant gathering of the global energy industry. Hosted by Masdar at the Abu Dhabi National Exhibition Centre (ADNEC), this event is poised to play a pivotal role in advancing the change agenda outlined at COP28 in Dubai last November. The summit boasts an impressive…

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