Month: August 2020

Electricity load-shedding Sindh’s punishment for not voting for PTI, claims Imtiaz Sheikh

Admin

Sindh’s energy minister has claimed that the province’s residents are being systematically penalised with daily electricity load-shedding of up to 18 hours because they did not vote for the Pakistan Tehreek-e-Insaf (PTI) in the 2018 general elections. Addressing a news conference on Wednesday, Imtiaz Ahmad Shaikh lamented that daily power load-shedding of up to 12 hours has become a norm in Karachi and has been making the lives of the city’s people miserable. Shaikh said that the three power distribution companies of the province — the K-Electric (KE), the Hyderabad…

Read More

Pakistan’s Wind Power Energy Development Is About 11,000 Megawatts, BRI Expert

Admin

Gwadar Pro on Tuesday quoted Hong as having said that many countries of BRI are among the world’s major energy producing and consuming countries. Meanwhile, they are developing countries, with the requirement to continue expanding its energy markets. Power shortages have been a major constraint on the entire Pakistani economy. Pakistan’s power gap is between 4 and 6 gigawatts. The electricity structure dependent on fossil fuels brings a variety of problems to the local government. Hong explained that in Pakistan, for every 1% increase in the use of fossil fuel,…

Read More

Speakers stress uniform power tariff policy

Admin

LAHORE:Speakers at Jang Economic Session have said that there should be one tariff policy across the country for all electricity consumers. They said distortions in rates should be eradicated and the issue of governance should be resolved in energy sector by creating a single department headed by one person who will be answerable and responsible for all energy matters including power, gas, petroleum and other sources of the energy instead of different ministries. They said more attention should be paid to K-Electric so that service delivery issues may be resolved…

Read More

Investigative team that saved Pakistan from $1.2bn penalty in Karkey case awarded Sitara e Imtiaz

Admin

Sitara-e-Imtiaz, the highest civilian award, has been announced for the team comprising officers from the military whose efforts made the country proud internationally and saved the nation from a penalty of $1.2 billion. As per details, Brig Rana Arfan Shakeel Ramay, Lt Col Farooq Shahbaz, and International Dispute Unit Head Ahmed Irfan Aslam worked hard in gathering information from Swiss, Lebanese, and Dubai banks regarding the corruption of Turkish power rental company, Karkey. The officials also collected documents from Panama and the British Virgin Islands, which proved useful in winning…

Read More

HUBCO’s Narowal Energy Limited signs MoU with govt

Admin

The Narowal Energy Limited_ a wholly-owned subsidiary of The Hub Power Company Limited (Hubco) under the 2002 Power Policy and the Committee for Negotiations with Independent Power Producers- constituted by the Federal Government has executed a Memorandum of Understanding (MoU). HUBCO informed that under the terms of the MoU the ROE/ROEDC rate shall be changed from current 15pc in US$ to 17pc in PKR with no future US$ indexation. The US$ equity shall be converted to PKR using an exchange rate PKR/US$ of 148. Whereas, Late Payment Surcharge (LPS) will…

Read More