Speakers at day long International Hydropower Conference while terming sustainable energy critical for development of any country on Thursday stressed the need for harnessing the untapped hydel potential to meet Pakistan’s future growing energy demands. Islamabad: The 4th International Hydropower Conference 2025, hosted by Energy Update in collaboration with the Private Power Infrastructure Board (PPIB) and the International Hydropower Association,…
Read MoreDay: January 9, 2025
Mari Petroleum Rebranded as Mari Energies Limited
KARACHI: Mari Petroleum Company Limited (MPCL) has officially been renamed Mari Energies Limited (MEL), effective January 7, 2025. The Securities and Exchange Commission of Pakistan (SECP) has issued a Certificate of Incorporation confirming the change. This update was shared as material information with the Pakistan Stock Exchange on Wednesday.
Read MoreNTDC Proposes Working Group to Recover Rs 54.4 Billion from Power Sector Entities
ISLAMABAD: The National Transmission and Despatch Company (NTDC) has proposed forming a working group to tackle its financial difficulties, with Rs 54.403 billion locked in receivables from various power sector entities. In a letter to the Secretary of Power, Dr. Fiaz Ahmad Chaudhry, NTDC Board Chairman highlighted that these long-standing “legacy balances” remain unresolved despite persistent follow-ups. The breakdown of…
Read MoreNepra Approves Rs 0.49 per Unit Relief in October FCA for KE Customers
KARACHI: The National Electric Power Regulatory Authority (Nepra) has approved a relief of Rs 0.492 per kilowatt-hour (kWh) in K-Electric’s Fuel Charges Adjustment (FCA) for October 2024. This adjustment will be reflected in consumer bills for January 2025. Fuel charge adjustments account for variations in global fuel prices and changes in the energy generation mix. Utilities pass these costs to…
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