Month: June 2023

Nepra likely to allow Discos to charge Rs1.61/unit more

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NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) Wednesday hinted at allowing the state-run power distribution companies (discos) to collect an additional Rs1.6076/unit, while the K-Electric was directed to reimburse a meager Rs0.0472/unit to the consumers in June bills.This preliminary calculation was expressed in a public hearing on these companies’ petitions on account of their monthly fuel charges adjustments (FCAs) for April 2023. It is to be noted that the discos had asked for permission to collect Rs2.01/unit, while the Karachi-based utility sought Nepra’s permission for an additional collection of…

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Rethink for Sustainability and Progress – 6th Edition of LEADERS IN ISLAMABAD BUSINESS SUMMIT

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LEADERS-IN-ISLAMABAD

Islamabad, May 31, 2023: Nutshell Conferences Group and Martin Dow Group, in strategic partnership with Overseas Investors Chamber of Commerce and Industry, and Unity Foods Limited, hosted Day 1 of the 6th Edition of LEADERS IN ISLAMABAD BUSINESS SUMMIT, with the theme “The BIG Rethink.” The sub-themes on Day 1 varied from the need for the Big Re-Think, to Leadership in the Age of Disruption, to Disrupting the Future. The day comprised nine individual addresses, three panel discussions, and one conversation Addressing the Inaugural Session, Prof. Ahsan Iqbal, Federal Minister…

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Chinese IPP serves notice of payment default on CPPA

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Chinese-IPP

KARACHI: Port Qasim Electric Power Company Ltd (PQEPC), which runs a $1.9 billion power plant of 1,320 megawatts on imported coal, has served a formal notice of payment default on the Central Power Purchasing Agency (CPPA). The total verified due amount that the state-backed, sole electricity purchaser owes the independent power producer (IPP) amounted to Rs77.3bn or $263.5 million as of May 15, according to PQEPC CEO Guo Guangling. Owned by China’s Sinohydro Resources Ltd and Qatar’s Al Mirqab Capital Ltd, the IPP was part of the early-harvest phase of…

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