KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah revealed on Wednesday that K-Electric (KE) has overcharged the Sindh government by more than Rs20 billion for electricity supply to its departments over the past decade. In a meeting with energy reporters, Minister Shah disclosed that the provincial government will soon settle Rs9 billion in outstanding dues with KE. An audit conducted…
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OCAC Urges Karachi Authorities to Repair Keamari Oil Installation Area Before Monsoon
KARACHI: The Oil Companies Advisory Council (OCAC) has raised serious concerns about the deteriorating condition of the Keamari Oil Installation Area (KOIA) ahead of the predicted heavy monsoon rains. In a letter addressed to the chairperson of the Karachi Port Trust (KPT) and Karachi’s mayor, the OCAC highlighted the urgent need for infrastructure repairs to prevent potential disruptions in the…
Read MoreMaritime Milestone for Pakistan as Largest Container Vessel Docks at KPT
KARACHI: In a historic event, the MSC Anna, the largest container vessel ever to dock in Pakistan, arrived at South Asia Pakistan Terminals (SAPT) on Wednesday. The vessel, with an impressive overall length of 400 meters and a capacity of 19,368 TEUs, marks a significant milestone in Pakistan’s maritime history, announced by Karachi Port Trust (KPT). The docking of MSC…
Read MoreNEPRA Names K-Electric Top Performer in Electricity Provision
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has recognized K-Electric as the top performer in its “HSE Performance Evaluation Report 2024.” This annual assessment evaluates health, safety, and environmental (HSE) standards within the electricity sector, ensuring adherence to strict safety protocols and continuous improvements. K-Electric has shown significant advancements across all areas, from power generation to distribution, consistently meeting…
Read MoreFinance Ministry Extends Rs 1.094 Trillion Subsidy for Power Sector
ISLAMABAD: The Finance Ministry has agreed to extend a subsidy of Rs 1.094 trillion for the power sector for the fiscal year 2024-25, falling short of the Power Division’s request for Rs 1.250 trillion, according to informed sources. Out of this, Rs 174 billion is allocated specifically for K-Electric. The final details of the remaining allocations will be determined once…
Read MoreHopewind Leads the Electrical Revolution with Grid-Forming Technology
As a distinguished leader in electrical solutions, Hopewind excels in technical innovation, constantly injecting new momentum into the progress of a more reliable and stable renewable energy ecosystem. The introduction of grid-forming technology is a core component of Hopewind’s pioneering efforts.
Read MoreSpeakers stress need for removing bottlenecks in promotion of oil, gas sectors
Islamabad: Speakers at a conference while highlighting importance of deregulation of the petroleum sector, on Wednesday stressed the need for removing bottlenecks in promotion of oil and gas sectors in the country.They were of the views that all stakeholders, government and regulators should set together and devise a concrete strategy in larger national interest to counter various mafias creating hurdles…
Read MoreHopewind Leads the Electrical Revolution with Grid-Forming Technology
As a distinguished leader in electrical solutions, Hopewind excels in technical innovation, constantly injecting new momentum into the progress of a more reliable and stable renewable energy ecosystem. The introduction of grid-forming technology is a core component of Hopewind’s pioneering efforts. What is Grid-Forming Technology? Grid-Forming is a revolutionary technology designed to ensure the stable and reliable operation of power…
Read MoreBRI Projects Set for Revival: Pakistan Seeks Joint Ventures in Renewable Energy and Agriculture
ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, expressed optimism on Tuesday about reinvigorating projects under China’s Belt and Road Initiative (BRI) to bolster Pakistan’s struggling economy. In an interview with Bloomberg, Iqbal highlighted the government’s plans to form joint ventures in renewable energy and agriculture, and to attract Chinese companies to relocate to Pakistan. “I’m very…
Read MorePetrol and Diesel Prices Set to Decrease by Up to Rs7.5 Per Litre on May 31
Islamabad – May 29, 2024 – In light of a bearish trend in the international market, petrol and high-speed diesel (HSD) prices in Pakistan are expected to decrease by approximately Rs6.50 to Rs7.50 per litre on May 31. This comes despite a slight exchange rate loss. Informed sources reported that international prices of petrol and HSD have dropped by about…
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