Author: Admin

Zubair Shaikh Confirmed as CEO of Wafi Energy Pakistan

Admin
Zubair-Shaikh

ISLAMABAD: Wafi Energy Pakistan Limited, the exclusive licensee of Shell fuels and lubricants in the country, has confirmed Zubair Shaikh will continue as its Chief Executive Officer. With over 19 years of experience in the energy and financial sectors, Zubair has demonstrated a strong track record in driving strategic growth, operational transformation, and commercial success. His leadership was instrumental in ensuring business continuity and performance following Wafi Energy Holding’s acquisition of Shell Pakistan in November 2024. “Zubair’s confirmation reflects the board’s confidence in his ability to lead Wafi Energy Pakistan,”…

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NGC Energises 500kV Port Qasim–Matiari Line to Boost Nuclear Power Evacuation

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power-tariff

LAHORE: The National Grid Company of Pakistan Ltd (NGC) has successfully energised the 500kV K2/K3–Matiari and KKI–Port Qasim transmission line circuits, marking a key milestone in enhancing the national power transmission network. The 102-kilometre, double-circuit quad-bundle transmission line is designed to evacuate 2,200MW from the K2 and K3 nuclear power plants near Karachi. Completed at an estimated cost of PKR 18.45 billion, the project establishes a dedicated connection between the K2/K3 nuclear facilities of KANUPP (PAEC) and the existing Port Qasim–Matiari line. This critical infrastructure upgrade strengthens grid reliability, improves…

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PM Lauds Rs193bn Loss Reduction by DISCOs as Major Power Sector Milestone

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Power-sector

ISLAMABAD: Prime Minister Shehbaz Sharif hailed a significant turnaround in Pakistan’s power sector after being briefed that power distribution companies (DISCOs) had slashed their losses by Rs193 billion — leading to an overall financial improvement of Rs242 billion. Chairing a high-level Cabinet Committee on Energy meeting, the premier called the progress “extremely encouraging” and a crucial step toward rectifying decades-long inefficiencies. He emphasized that this improvement would accelerate the long-delayed privatization of DISCOs and directed that appreciation letters be issued to CEOs of companies demonstrating exceptional performance. Lahore Electric Supply…

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PM Lauds Rs193bn Loss Reduction by DISCOs as Major Power Sector Milestone

Admin
Power-sector

ISLAMABAD: Prime Minister Shehbaz Sharif hailed a significant turnaround in Pakistan’s power sector after being briefed that power distribution companies (DISCOs) had slashed their losses by Rs193 billion — leading to an overall financial improvement of Rs242 billion. Chairing a high-level Cabinet Committee on Energy meeting, the premier called the progress “extremely encouraging” and a crucial step toward rectifying decades-long inefficiencies. He emphasized that this improvement would accelerate the long-delayed privatization of DISCOs and directed that appreciation letters be issued to CEOs of companies demonstrating exceptional performance. Lahore Electric Supply…

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Power Tariff May Drop by Rs1.51 Per Unit for Three Months

Admin
Power Division

ISLAMABAD: Electricity consumers across Pakistan, including those served by K-Electric, are likely to receive relief in the form of a Rs1.51 per unit reduction in power tariffs for the next three months. This decrease stems from lower capacity charges due to falling interest and exchange rates, as well as revised contracts with public and independent power producers (IPPs). The National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on August 4 to consider the federal government’s request for a Quarterly Tariff Adjustment (QTA), aimed at passing on Rs53.4…

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