Day: December 5, 2023

Pakistani, Kyrgyz, Tajik Energy Ministers meet in Dubai to review progress on CASA-1000 project

Admin
Energy-Ministers

On the sidelines of the COP 28 Climate Conference in Dubai, the Ministers of Energy of the Kyrgyz Republic, the Islamic Republic of Pakistan, and Republic of Tajikistan met to review progress of the $1.2 billion CASA-1000 Regional Power Transmission and Trade Project. The works in Pakistan, Kyrgyz Republic and Tajikistan sides went well and they demonstrate their collective support for completion of the project, they have reaffirmed their commitment to the project and continue the support for this green energy regional connectivity project and provide relevant proposals for accelerating…

Read More

Nepra approves over Rs3 per unit hike in electricity price

Admin
KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) Tuesday approved a Rs3.07 per unit increase in electricity prices, applicable to all power distribution companies. In a notification, the regulator said: “The […] adjustment shall be shown separately in the consumers’ bills on the basis of units billed to the consumers in the month of October 2023 in the billing month of December 2023.” Nepra has notified the increase on account of variations in fuel charges, the notification mentioned, in a move that will impact millions of the electricity distribution companies’…

Read More

Capacity chargesstand at massive Rs2.3tr

Admin
Chinese-power

ISLAMABAD: Pakistan’s crippling power sector is faced with persistent difficulties on account of capacity charges of Rs2.3 trillion, increased reliance on foreign-funded and uncompetitive imported fuel, and inflated billings of Rs100 billion from voiceless consumers. “The capacity charges of Rs2.3 trillion, mainly because of the depreciated exchange rate, have become one of the major problems, and the solution lies in increasing the tax-to-GDP ratio from nine to 18 percent to finance the funding of power projects from our resources. The imported coal needs to be replaced with the domestic coal,”…

Read More

Ceasing operations in Pakistan: Engro Corporation rejects ‘false’ assertion

Admin
624387-engro-1383074199

Engro Corporation Limited, one of Pakistan’s largest conglomerates, on Monday rejected ‘false information’ suggesting that the company is considering closing its operations in the country. “In response to recent false information circulating on social media regarding Engro ceasing its operations in Pakistan, we wish to clarify that the same lacks any factual basis, is unfounded and we outrightly reject the assertion,” said Engro in a statement issued on social media platform X, formerly known as Twitter. The company said it remains steadfast in its endeavours to ensure prosperity for Pakistan…

Read More

NEPRA report exposes overbilling scandal

Admin
KE’S- 7-YEAR- INVESTMENT-ROADMAP

Discos, KE fleeced consumers, says power regulator ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has exposed the “controversial power theft drive” of the power distribution companies (Discos), defrauding millions of consumers of billions of rupees through excessive billing by engaging in malpractices. In an inquiry report released on Monday, the power regulator regretted that the distribution companies were intentionally engaging in such malpractices to conceal their inefficiencies, causing thousands of consumers to suffer from higher electricity bills. These companies issued electricity bills with invalid snapshots and manipulated billing cycles…

Read More