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Tariff increases for KE consumers merged with Discos for uniformity

Admin
Nepra-tariff

ISLAMABAD: Before leaving office, the PMLN-led coalition government on Monday approved the merger of quarterly tariff increases for K-Electric with other distribution companies (Discos) seeking more than Rs4 per unit additional cost worth Rs145 billion for recovery in July-September billing, besides clearing amendments to the power transmission policy for speedy investments from Gulf Cooperation Council (GCC) through negotiations on government-to-government…

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CCoE okays refining, power policies

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Ishaq-Dar

ISLAMABAD: In a rare move, Finance Minister Ishaq Dar on Monday presided over a meeting of the Cabinet Committee on Energy (CCoE) on behalf of Prime Minister Shehbaz Sharif and approved three major policies including incentives for upgradation of old oil refineries, implementation of about 20 renewable energy projects blocked for years and national electricity plan. The CCoE is led…

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Sindh Governor, Local Govt Minister to jointly confer awards to 86 organizations for excellence in safeguarding environment

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AEEA-NFEH

The outstanding performance of 86 local and multinational companies and industries in the arena of environmental protection will be recognized at the 20th Annual Environment Excellence Awards-2023 here at a hotel on August 9 (Wednesday). The National Forum for Environment and Health (NFEH) is organizing the event.Sindh Governor, Kamran Khan Tessori, and Sindh Local Government Minister, Syed Nasir Hussain Shah,…

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Karot HPP adds to clean energy

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Karot-Hydropower

LAHORE: The Karot Hydropower Plant, a key project under the China-Pakistan Economic Corridor (CPEC), has added around 3.64 billion units of clean and cheap electricity to the national grid in its first year of operation, the company said on Thursday. The 720MW plant, which was inaugurated in June 2022, uses indigenous resources and has no carbon emissions. It contributed more…

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Energy sector reforms: Modalities, framework finalised

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Ishaq-Dar

ISLAMABAD: Finance Minister Ishaq Dar chaired a meeting on reforms in the energy sector at the Finance Division, Friday, says a press release. Minister of State for Petroleum Division, Musadik Masood Malik, SAPM on Finance, Tariq Bajwa, SAPM on Revenue, Tariq Pasha and senior officers from the Finance and Petroleum Divisions attended the meeting. PM for making energy sector reforms…

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CCoE poised to okay incentives for 100% diesel production

Admin
Petroleum-prices

PM to preside over the meeting on Monday to grant final approval ISLAMABAD: In a bold move to achieve 100% local diesel production, the Cabinet Committee on Energy (CCoE) is poised to sanction incentives to existing refineries for the establishment of upgradation plants. Prime Minister Shehbaz Sharif is slated to preside over the CCoE’s meeting on Monday to grant final…

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‘CPEC is a transformative force for region’

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China-Pakistan

Gwadar Port and the completed Phase one of the Gwadar Free Trade Zone, stand as testaments to CPEC’s achievements BEIJING: The Pakistan Ambassador to China, Moinul Haque, extolled the China-Pakistan Economic Corridor (CPEC) as a transformative force for Islamabad and the entire region, fostering peace, prosperity, and growth. Haque highlighted CPEC’s alignment with Pakistan’s development agenda, lauding it as an…

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No room for tax amnesty after IMF deal: Dar

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Ishaq-Dar

ISLAMABAD: A Nati­onal Assembly panel has raised questions over the transparency of over $3 billion loans under the concessio­nary Temporary Econ­omic Refinance Faci­lity (TERF) to some businesses during the Covid-19 pandemic and expressed concern over the central bank’s weak oversight of how the cheaper financing was utilised. Meanwhile, Finance Minister Ishaq Dar told the Standing Committee on Finance and Revenue…

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Chinese PV modules take freight train to help making a greener Central-Asia

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LONGi-Green

XI’AN, Aug. 3 (China Economic Net)- On August 3, the China-Europe (Xi’an-Tashkent) LONGi -ENERGY CHINA 1GW photovoltaic freight train departed from Xi’an. Loading with LONGi’s 20MW PV modules, the Chang’an train will head to Uzbekistan to help the green energy transition in Central Asia. “The shipment of modules to Uzbekistan, as the first overseas PV power generation project after the…

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KE consumers to be slapped with another Rs1.52 per unit surcharge

Admin
K-Electric

ISLAMABAD: The federal government has decided to impose a Rs1.52 per unit surcharge on all electricity consumers of K-Electric to mop up about Rs25 billion in additional revenue during the current fiscal year. This will be on top of an average Rs30 per unit uniform national base tariff, Rs3.23 per unit financing cost surcharge and various taxes and duties besides…

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