Nationwide Crackdown on Power Theft Targets Losses, Protects Consumers

Nationwide-Crackdown

KARACHI: Power theft in Pakistan is causing widespread harm, with its financial burden either passed on to consumers as higher tariffs or added to the country’s growing circular debt, warns safety organisation Mehfooz Pakistan. This systemic issue threatens future generations while also straining the power sector. To address theft-related losses, power distribution companies are often forced to impose outages, even…

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Petroleum Division Holds Key Meeting on Sales Tax Exemption for Petroleum Products

Petroleum-Sector

KARACHI/ISLAMABAD: The Petroleum Division has convened an important meeting with oil sector stakeholders to discuss the challenges posed by sales tax exemptions on petroleum products. This meeting, taking place today (Tuesday), follows directives from the Special Investment Facilitation Council (SIFC) urging swift action on refinery upgradation agreements. Representatives from refineries, oil marketing companies, the Oil Companies Advisory Council (OCAC), and…

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Construction of Chashma Nuclear Power Plant Unit 5 Begins, Strengthening Pak-China Energy Collaboration

Nuclear-Power

ISLAMABAD: Pakistan achieved a significant milestone in its energy sector as the construction of Chashma Nuclear Power Plant Unit 5 (C-5) officially began with the first concrete pouring ceremony. The event, held on Monday, was attended by key dignitaries including Chinese Ambassador Jiang Zaidong, Minister for Planning, Development & Special Initiatives Ahsan Iqbal, and Chairman of the Pakistan Atomic Energy…

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K-Electric Seeks Rs 4.98/kWh Relief for November FCA

K-Electric-3

KARACHI: K-Electric has submitted a provisional monthly Fuel Charge Adjustment (FCA) request for November 2024, proposing a relief of Rs 4.98 per kilowatt-hour (kWh) for its customers. The National Electric Power Regulatory Authority (NEPRA) will conduct a public hearing on January 15, 2025, to determine the FCA amount and specify the period for its application in customer bills. In a…

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Privatisation of Three DISCOs Progresses Toward 2025 Deadline

Power genration

ISLAMABAD: The government is accelerating efforts to privatize three power Distribution Companies (DISCOs)—Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Supply Company (FESCO)—with the goal of completing the process by the end of 2025. According to Minister for Power Sardar Awais Ahmad Khan Leghari, the Financial Advisor (FA) will structure the transaction based on completed…

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KAPCO Welcomes Shahab Qader as New CEO

Shahab-Qader

Lahore, December 30, 2024: The Board of Directors of Kot Addu Power Company Limited (KAPCO) has announced the appointment of Mr. Shahab Qader Khan as the Chief Executive Officer (CEO) for a term of three years. His tenure will officially commence on January 22, 2025, and conclude on January 21, 2028. This decision underscores the company’s commitment to fostering strong…

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Construction of Pakistan’s Largest Nuclear Power Plant Begins Today

Power-Plant

Islamabad – The construction of Pakistan’s largest nuclear power plant, provided by China, is set to commence today. The plant, located at Chashma, is expected to start producing 1,200 MW of nuclear electricity by 2030. A ceremonial First Concrete Pour (FCP) event for the Chashma Nuclear Power Plant Unit-5 (C-5) will take place today, with Federal Minister for Planning, Development,…

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Chenab River: India’s Emerging Power Corridor

Chenab-River

The Chenab River is rapidly transforming into India’s hydroelectric power corridor, with over 70 hydropower projects in various stages of development. The electricity generated from these projects is expected to surpass the combined output of Pakistan’s Mangla and Tarbela dams. India has already completed 11 dams on the Chenab River, including the Salal and Baglihar Dams. Recently, construction has begun…

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SIFC Sets January 2025 Deadlines for Petroleum Division’s Bidding and Policy Updates

SIFC-SSGC

ISLAMABAD: The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has issued directives to the Petroleum Division to expedite the ongoing bidding processes and policy adjustments. Key timelines have been established to ensure streamlined operations and strategic advancements. Bidding Timelines and Marketing InitiativesThe Petroleum Division has been tasked with finalizing the ongoing bidding process by January 10, 2025.…

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Diesel Prices Likely to Rise as New Year Approaches

Petrol-oil

ISLAMABAD: As the global oil market trends upward, the prices of high-speed diesel (HSD), kerosene, and light diesel oil (LDO) are expected to increase by approximately Rs4 to Rs5 per litre starting New Year’s Eve. This adjustment will apply for the first fortnight of 2025, according to informed sources. Conversely, petrol prices are projected to remain relatively stable, with a…

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