Month: June 2023

KE to refund five paise per unit for April

Admin
power-sector

ISLAMABAD: Rejec­ting K-Electric’s demand for 49 paise per unit increase, the National Electric Power Regulatory Authority (Nepra) on Friday ordered the Karachi-based power utility to refund 5 paise per unit it overcharged consumers in April under monthly fuel cost adjustment (FCA) mechanism. The regulator has decided to allow the negative FCA for April to be reflected in June’s bills, said an order issued by Nepra. The KE had sought to extract Rs740 million from consumers but the regulator worked out a Rs72m refund instead. The cut mainly came from two…

Read More

Hyundai Motor Group and Vodafone Business Expand Partnership, Bringing New In-car Infotainment Services to Customers in Europe

Admin
vodafone

SINGAPORE – Media OutReach – 15 June 2023 – Hyundai Motor Group (HMG) and Vodafone Business today announced a multi-year extension of their existing strategic partnership to provide customers with advanced in-car connected streaming and infotainment services in more than 40 countries across Europe. Under the partnership extension, Vodafone Business will bring its Global Internet of Things (IoT) Connectivity for Connected Car Service to millions of Hyundai, Kia, and Genesis models sold in Europe. Last year saw HMG record its highest annual sales in Europe to date, with nearly 1.1 million units…

Read More

Power distribution grids: GIZ sending team to conduct digitalization, decarbonisation

Admin
Power-distribution

ISLAMABAD: German firm, Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) GmbH is dispatching a mission to conduct digitalization and decarbonization of Pakistan’s power distribution grids. In a letter to Secretary Power, Rashid Mahmood Langrial, Cluster Coordinator Climate and Energy GIZ-Pakistan Stoyanka Stich revealed that GIZ is conducting an appraisal mission for the project “digitization and decarbonization of power distribution grids in Pakistan”. The goal of the Mission is to develop a detailed proposal for this new project, which will be funded by Germany’s Federal Ministry for Economic Cooperation and Development (BMZ). German…

Read More

Govt to continue with power subsidy despite IMF objections

Admin
power-subsidy

HYDERABAD: Energy Minis­ter Khurram Dastgir has said that despite objections by the International Monetary Fund (IMF), the government would continue with its plans to dole out a huge power subsidy. Speaking at a press conference in Hyderabad, he said Pakistan had managed issues without IMF’s support and hoped that “we can pass more days without this support”. He admitted that the IMF had become a “verifying institution” for financial matters because other countries offer support after the Fund’s certification.

Read More

Azerbaijan to send LNG cargoes from next month

Admin
LNG-cargoes

ISLAMABAD/ BAKU: The federal cabinet has approved an agreement to procure liquefied natural gas (LNG) cargoes from Azerbaijan at discounted rates, according to a statement issued by the PM House on Thursday. Prime Minister Shehbaz Sharif apprised Azerbaijan President Ilham Aliyev of the cabinet’s decision during a meeting at the Azeri capital Baku, the statement added. “This is the second major achievement for Pakistan towards fulfilment of energy needs after recently receiving the shipment of crude oil from Russia,” the communique read. Under the agreement, Pakistan will receive one LNG…

Read More