You are here

Month: October 2024

Awais Ahmad Khan Leghari Highlights Pakistan’s Renewable Energy Goals at the Opening Ceremony of the Belt and Road Energy Conference

Admin
energy-sector

Federal Minister for Power Sardar Awais Ahmad Khan Leghari, addressed the opening ceremony of the Third Belt and Road Energy Ministerial Conference, underscoring Pakistan’s commitment to renewable energy and stressing the importance of global cooperation in the energy sector. “I extend my congratulations to the Chinese National Energy Administration for successfully hosting this important conference,” Awais Leghari remarked. He acknowledged…

Read More

Oil Transport Sector Poised for Growth Amid Rising Demand: Pacra Study

Admin
oil-export

KARACHI: The oil transportation and storage sector in Pakistan is set for expansion, driven by increased petroleum demand and relaxed import restrictions, according to a study by the Pakistan Credit Rating Agency (Pacra). The report highlights that pipelines, recognized as cost-effective and environmentally friendly, are essential for both domestic and cross-border oil transport. Pakistan’s oil pipeline network, spanning over 2,000…

Read More

SIFC Sets November 12 Deadline for Petroleum Division to Resolve Sales Tax Exemption Issue on $6 Billion Refinery Upgrades

Admin
Refinery-Limited

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has instructed the Petroleum Division (PD) to resolve the sales tax exemption issue by November 12, to pave the way for a $6 billion refinery upgrade project. This issue, stemming from the Finance Bill for FY25, has stalled crucial upgrade investments by local refineries, according to a senior Energy Ministry official. SIFC emphasized…

Read More

CPPA-G Seeks 71 Paisa per Unit Negative FCA Adjustment for September 2024

Admin
CPPA-FCA

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has proposed a 71 paisa per unit negative adjustment under the Fuel Cost Adjustment (FCA) mechanism for September 2024, aiming to refund Rs 8.55 billion to consumers. The National Electric Power Regulatory Authority (Nepra) is scheduled to hold a public hearing on this adjustment on October 30, 2024. According to CPPA-G data, hydel…

Read More

Govt Revises Agreements with 8 Bagasse-Fired IPPs, Securing Billions in Savings

Admin
power-subsidy

ISLAMABAD: The government has successfully renegotiated agreements with eight bagasse-fired Independent Power Producers (IPPs), achieving substantial financial savings estimated between Rs 85-100 billion. These revisions include a reduction of Rs 8 billion from the Rs 22 billion recently approved for upward tariff adjustments. Among the sugar mills signing the revised Power Purchase Agreements (PPAs) are Hamza Sugar Mills, Chiniot Sugar…

Read More

Centre and AJK Struggle to Finalise Power Tariff and Water Usage Charges

Admin
Power-Tariff

ISLAMABAD: The federal government and the Azad Jammu and Kashmir (AJK) government have been unable to agree on electricity tariffs and Water Usage Charges (WUC), with significant differences emerging between federal entities and the AJK authorities. In a recent meeting chaired by Advisor to the Prime Minister on Inter-Provincial Coordination, Rana Sanaullah Khan, it was noted that multiple discussions had…

Read More

Discos Seek Rs8.5bn Refund for September Fuel Overcharges

Admin
Fuel-Overcharges

ISLAMABAD: Public sector power distribution companies (Discos) have requested a refund of approximately Rs8.5 billion, proposing a 70-paise per unit negative fuel cost adjustment (FCA) in upcoming bills for electricity consumed in September. This marks the third consecutive month of negative FCAs, largely attributed to increased fuel allowances following a 20% rise in base tariffs, effective from July 1, 2023,…

Read More

Nepra Grants 14% Dollar-Based Return to K-Electric in Divisive Decision

Admin
NEPRA-KE

ISLAMABAD: In a split decision, the National Electric Power Regulatory Authority (Nepra) has approved a 14% dollar-indexed return on equity (ROE) for K-Electric (KE) generation plants under a multi-year tariff extending to 2030. This decision, which faced strong opposition from Nepra’s member tariff, is tied to KE’s power plants operating on fuels like high-speed diesel (HSD) and liquefied natural gas…

Read More

Sindh Chief Minister Launches Solar Energy Initiative at Karachi Central Jail

Admin
Central-Jail

Karachi – Sindh Chief Minister Syed Murad Ali Shah, alongside Minister of Energy Sindh, inaugurated the solarization of Central Jail Karachi, a pioneering project aimed at reducing energy costs and promoting sustainable energy solutions within the correctional facility. The project has a total installed capacity of 614.8 KW, exceeding the building’s energy demand of 549.5 KW. Implemented under the Sindh…

Read More

Sindh Chief Minister Inaugurates Solar Power Project at DUHS Hospital, Karachi

Admin
DUHS-Hospital

Karachi – Sindh Chief Minister Syed Murad Ali Shah, along with provincial ministers Sharjeel Memon, Nasir Hussain Shah, Saeed Ghani, Ali Hassan Zardari, and Waqar Mehdi, inaugurated a significant solar power project at the Dow University of Health Sciences (DUHS) Ojha Campus Hospital. This initiative, launched under the Sindh Solar Energy Project (SSEP) with support from the World Bank, is…

Read More