Month: August 2022

A study “Regional Competitive Energy Tariffs and Textile Sector Competitiveness (Phase II)” was conducted between April and July 2022, which analyzed the regional competitiveness of the textile industry in Pakistan from the perspective of energy and related issues faced by the textile sector through an exhaustive desk research, field surveys, and analyses. The focus of the field work, in June 2022, was on the north and south regions of Punjab — Lahore, Faisalabad, Kasur, Sheikhupura and Multan — and on North Karachi and Lasbella in Sindh and Balochistan, respectively. The…

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The government has formally decided to supply electricity at a rate of 9 cents per kWh and RLNG at $9 per MMBtu without any disparity to zero-rated five export-oriented sectors across the country for existing connections till end-June 2023, The News has learnt. Textiles including jute, leather, carpet, surgical, and sports goods will get the energy at regionally competitive rates to reduce the cost of manufacturing and enhance exports. Around 65 percent of Pakistan’s exports come from these five sectors. The Federal Cabinet approved these rates on August 5, 2022…

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E3PK#news@9)1 Dear Pakistanis, On behalf of the Beacon Energy Limited team, I would like to wish you a happy Independence Day. As we celebrate the 75th anniversary of our nation’s independence, let us remember those who sacrificed their lives so that we could live in freedom. Let us also remember that we, as citizens, have a responsibility to play our part in making Pakistan a cleaner and greener place for generations to come. At Beacon Energy Limited, we are helping to make Pakistan a more sustainable nation by offering smart…

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The National Electric Power Regulatory Authority (Nepra) on Wednesday allowed the K-Electric to collect additional Rs0.5715 per unit on account of quarterly tariff adjustments for three months from June to August 2022 that will be charged in the next three months starting from August to October 2022, raising the average tariff to Rs26.08 per unit. This upward adjustment would be recovered from the consumers in their utility bills of August, September and October 2022 based on the electricity units consumed during the months of June, July and August 2022. However,…

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U.S. gas exporter, Freeport LNG, has retracted the force majeure it initially declared after an explosion in June, a development that could cost its buyers billions of dollars in losses, a document showed and three trading sources said. Force majeure is a notice used to describe events outside a company’s control, such as a natural disaster, which usually releases it from contractual obligation without penalty. The force majeure would also have allowed Freeport’s LNG buyers to exit their own agreements to deliver gas to end users. Instead, they are facing…

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