Month: May 2020

KARACHI: In continuation of earlier relief measures on account of the COVID-19 crisis, K-Electric (KE) is facilitating Small and Medium Enterprises (SMEs) through pre-paid electricity bills under the “Chota Karobar-o-Sannat Imadadi package” announced by the Federal Government. Under the package, eligible commercial customers with sanctioned load up to 5kW and industrial consumers with sanctioned load up to 70kW will receive a maximum subsidy of up to Rs. 100,000 and Rs. 450,000 in their electricity bills which can be utilized in six month starting from May, 2020. The subsidy amount per…

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The management of Indus Motors Company has decided to resume its plant operations and its offices with adequate aimed at preventing the pandemic spread, informed the company in a notice to the Pakistan Stock Exchange on Tuesday.  The statement further added that the company resumed plant operation following approval and relaxation given by the Sindh government.  Earlier, through a public notice, the company had announced to revise the prices of its products and vehicle range citing international economic conditions and fluctuation in the forex index. The notice had further said new prices will…

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Pakistan’s desire to maintain strategic relations with China has resulted in the $62 billion China-Pakistan Economic Corridor (CPEC), a set of infrastructure projects, being mired in insufficient transparency. But a Committee formed by Pakistani Prime Minister Imran Khan to examine the causes for the high cost of electricity to Pakistani consumers has lifted the lid on corruption involving Chinese private power producers in Pakistan. The report reveals that the Huaneng Shandong Ruyi (Pak) Energy (HSR) or the Sahiwal and the Port Qasim Electric Power Company Limited (PQEPCL) coal plants under…

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Oil prices have touched zero and became even negative recently. A debate has ensued in Pakistan that we should have bought cheaper oil. It is a different matter that around the same time, there was news of diesel shortages. Petroleum Division, probably, projected lesser demand due to corona as it is we are always short of liquidity and foreign exchange and even storage. Buying more is not in our psyche or system. It was a unique situation. Prices do vary and there is a scope for saving money in buying…

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The New Mexico Public Regulatory Commission approved on Wednesday one solar and one solar-plus-storage project to serve El Paso Electric’s customers. The projects were proposed to serve southern New Mexico and west Texas customers, and start service in the summer of 2022. One project will add 100 MW of solar for $0.015 per kWh while the second will add 100 MW of solar and 50 MW of storage for $0.021 per kWh, record-low prices for solar and storage in New Mexico. The PPAs mark the first time El Paso Electric uses…

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