Author: Admin

Hyderabad Electric Supply fined Rs100m for repeat offense

Admin

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has imposed a Rs100 million fine on the Hyderabad Electric Supply Company (Hesco) for continuing excessive loadshedding on commercial grounds, violating regulations.This latest penalty follows a Rs50 million fine levied in April 2024 for the same offense: loadshedding based on Aggregate Technical and Commercial (ATC) losses, despite a lack of power generation shortfall. Hesco had previously failed to pay the initial fine or halt the practice, choosing instead to appeal the decision.After issuing a show-cause notice and holding legal proceedings, Nepra determined…

Read More

FPCCI President Atif Ikram Sheikh Condemns State Bank’s Decision to Maintain Policy Interest Rate at 11%

Admin
FPCCI-Project

Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has strongly condemned the State Bank of Pakistan’s recent decision to keep the policy interest rate at 11%, calling it “incomprehensible” given the current economic landscape. Sheikh expressed deep concern about the detrimental effects this stubborn stance will have on the business environment and the broader economy. Sheikh urged the central bank to reduce the policy rate to 6-7%, aligning it with prevailing inflation rates and economic realities to stimulate growth. He pointed out…

Read More

Sindh, fed govt to work together to evolve a climate action plan, to improve Sukkur Barrage capacity

Admin
CM-Sindh

• Sindh govt restores natural waterways through engineering solution • River Indus fragile bunds to be strengthened with Japanese assistance KARACHI (Sept 15): Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, discussed launching a 300-day Climate Action Plan ahead of the upcoming monsoon, improving Sukkura Barrage capacity, reinforcing fragile embankments of the River Indus, and restoring old waterways to prevent loss of lives and property during riverine and flash floods.The meeting, held at CM House on Monday, was attended…

Read More

LONGi Joins Hands with CAPP to Illuminate Central Africa with Innovative Microgrid Solutions

Admin
Longi-Project

Recently, Mr. Dennis She, Vice President of LONGi, held a meeting with Mr. ATADET AZARAK MOGRO, Permanent Secretary of the Central African Power Pool (CAPP), and Mr. RIGOBERT GBAZI, Head of the Power Technology Department. The two sides held in-depth discussions and reached a consensus on leveraging efficient PV solutions to accelerate the popularization of electricity in Central Africa and eliminate energy poverty. The Central African Power Pool (CAPP) is a regional electricity cooperation organization composed of 11 Central African countries (including Angola, Burundi, Cameroon, the Central African Republic, etc.).…

Read More

Conflict of Interest Concerns Cloud Ogra Appointment Process

Admin
OGRA

ISLAMABAD: The federal government’s move to appoint a new Member (Gas) to the Oil and Gas Regulatory Authority (Ogra) has raised concerns over a potential conflict of interest, officials at the Petroleum Division confirmed. Three candidates have been shortlisted, including a serving Senior General Manager at Sui Northern Gas Pipelines Limited (SNGPL) — a company directly regulated by Ogra. Critics argue that such selections undermine the regulator’s independence. Similar objections were raised earlier when a senior official from Sui Southern Gas Company (SSGC) was appointed as Ogra’s Member (Finance). Former…

Read More