Nepra all set to allow Rs9.98 per unit reduction in K-Electric’s power tariff

ISLAMABAD-National Electric Power Regulator Authority (Nepra) is all set to allow K-Electric a reduction of Rs9.983 per unit in power tariff on account of monthly and quarterly adjustments. In a public hearing on the KE’s petition for monthly fuel charges adjustments for October, NEPRA has calculated a reduction of Rs 2.15/unit in tariff, while for the quarterly adjustments for the…

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Fate of Barrick’s $7bn project in Pakistan to be decided next week

Pakistan-Reko-Diq-mine

arrick Gold (NYSE: GOLD) (TSX: ABX) will hear next week whether it can proceed with its $7 billion Reko Diq copper-gold project in Pakistan, close to the borders of Iran and Afghanistan. The country’s Supreme Court, which has been tasked with ensuring the project is in line with Pakistan’s constitution and laws, finished its due diligence on Wednesday. The final…

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FCA for Oct 2022: Nepra to allow KE negative adjustment of Rs2.15/unit

National Electric Power Regulatory Authority (Nepra) is to allow negative adjustment of Rs 2.15 per unit in consumer-end tariff of K-Electric (KE) for October 2022 under monthly Fuel Charges Adjustment (FCA) mechanism amid serious concerns of consumers regarding charging about two times higher tariff by the power utility company as compared to Discos. The Authority comprising, Chairman Tauseef H Farooqi,…

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AGP rejects IMF demands for special audits

The auditor general of Pakistan has turned down demands of the International Monetary Fund (IMF) for conducting special audits of state-owned enterprises, including Sui Southern Gas Company Limited (SSGCL), Hyderabad Electric Supply Corporation (Hesco) and Peshawar Electric Supply Company (Pesco). The AGP has refused to conduct special audits of selected SOEs, arguing that any audit as proposed without considering terms…

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Saudi Aramco discovers two natural gas fields in Eastern Province

Saudi Arabia’s Energy Minister said oil giant Saudi Aramco had discovered two unconventional natural gas fields, Awtad and AlDahna, in the country’s Eastern Province, according to state-run Saudi Press Agency (SPA). Awtad was discovered south-west of the Ghawar field, 142km south-west from the city of Hofuf, while AlDahna was found 230km south-west of Dhahran, SPA said on Wednesday. “The importance…

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Longi Introduces Hi-MO 6 Modules for Global DG Market

LONGi held that HPBC (Hybrid Passivated Back Contact) is a new generation of high-efficiency solar cell technology that’s unique in its front-side busbar-free design. The company mentioned that HPBC cell technology can considerably improve the cell’s light absorption and photoelectric conversion capabilities by adjusting the cell’s internal structure, and can thus effectively increase the module’s output power. Modules equipped with…

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Growatt MID 20KTL3-X2 arrives in the Pakistani market

Today, solar power is becoming more and more popular and easily accessible, because technology has brought higher efficiency, smarter functions, and better user experience. The MID 20KTL3-X2, introduced by Growatt for the Pakistani market, is a perfect example of such advancement. After gaining a lot of fame in the global market the MID 20KTL3-X2 is now available in Pakistan. Along with the air cooling,…

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