PESHAWAR:* The business community has voiced strong opposition to the government’s sudden changes in the net metering policy, warning that the move will severely hinder the growth of the renewable energy sector. They have called for an immediate reversal of the decision. Speaking on Sunday, traders criticized the drastic reduction in the power purchase rate for solar panel owners—from Rs…
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LAHORE:* Pak Elektron Limited (PEL) has officially launched its export operations to the United States, marking a significant milestone in its global expansion strategy. In a notice to the Pakistan Stock Exchange (PSX), PEL announced that its first consignment of transformers departed from Pakistan on March 13, 2025. “This achievement reflects our commitment to exploring new international markets and enhancing…
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ISLAMABAD:* The Board of Directors of K-Electric (KE) is set to approve additional write-off claims to secure the approval of Rs 50 billion in billing adjustments for the financial years 2017 to 2023. This move aligns with an understanding reached with the Task Force on Energy, headed by Federal Minister for Power Sardar Awais Khan Leghari. The 125th KE Board…
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Cuba has restored electricity to much of Havana and reconnected its national grid after a 40-hour blackout that left 10 million people in the dark. Officials confirmed that by late Sunday, power had been restored to around two-thirds of the capital, with full restoration expected overnight. The outage began Friday evening when a transmission line at a Havana substation shorted,…
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Karachi, -March 13, 2025-The Thar Coal & Energy Board (TCEB) successfully held a public hearing today regarding the tariff petition filed by Sino Sindh Resources Pvt. Ltd. (SSRL) for the determination of the Commercial Operations Date (COD) Stage Tariff for its 7.8 million tons per annum (Mtpa) lignite mine located at Block-1 of the Thar Coalfield. The hearing took place…
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KARACHI:* The Oil and Gas Regulatory Authority (Ogra) has advised local refineries to enhance agreements with oil marketing companies (OMCs) by incorporating legally binding clauses to ensure a structured and enforceable framework for prioritizing the upliftment of locally produced petroleum products. Regulatory Guidelines & Compliance In an official letter sent to refineries on Friday, Ogra emphasized that such agreements must…
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ISLAMABAD:* Kot Addu Power Company Ltd (Kapco) has petitioned the National Electric Power Regulatory Authority (Nepra) for a tariff hike of up to Rs34.47 per unit and a guaranteed return on equity (RoE) under a take-or-pay model. Key Tariff Adjustments Sought: Proposed Equity Return Model: Kapco seeks an RoE *based on an 84.4% load factor, ensuring payments for up to…
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ISLAMABAD: The government has redirected another long-term LNG cargo to the international market to prevent strain on the national gas transmission system, which is experiencing line pack pressure fluctuating between 4.9 and 5 BCF. A senior Petroleum Division official confirmed that Pakistan had earlier requested Qatar to defer 10 LNG cargoes to 2026, of which only five were accommodated under…
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ISLAMABAD:* Pakistan could face severe conflicts over water resources in the near future if urgent measures are not taken to regulate *water distribution and extraction, warned **Basharat Ahmed Saeed, Senior Water Specialist at the *World Bank Group. Speaking at a seminar on water security organized by the *Pakistan Institute of Development Economics (PIDE), Saeed highlighted that at the **current rate…
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ISLAMABAD: The government and commercial banks are reportedly finalizing a Rs 1.23 trillion loan agreement aimed at resolving Pakistan’s power sector circular debt. The deal includes Rs 5.23 billion in fresh exposure and the restructuring of Rs 700 billion in existing loans at a lower interest rate, according to sources. A Power Division team recently held talks with commercial banks…
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