Year: 2023

KE only Disco using handheld device for meter reading: Nepra

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k-electric

KARACHI: National Electricity Regulatory Authority (Nepra) has said that the KE is the only Disco that is using handheld devices for meter reading. According to Nepra’s recently issued inquiry report on billing practices in Discos, Karachi Electric (KE) is the only company using handheld devices for meter reading, which are an effective solution at ensuring transparency in the meter reading and billing process. The report also found that KE’s monthly billing cycles follow the regulator’s guidelines and has observed no lapse from the company in this regard. Overbilling in violation…

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Minister reviews power sector progress

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Sami-Saeed

ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed, on Tuesday, chaired a meeting to review the progress of the power sector of the ministry. The chief energy section gave a detailed briefing on current statistics, prevalent policies and new initiatives of the power sector. The power section of the Planning Ministry is assigned the tasks of technical appraisal of the power sector’s development projects to be considered by the Central Development Working Party (CDWP) and the Executive Committee of the National Economic Council (ECNEC). Integrated energy…

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Commercial operation date: Nepra likely to grant Zorlu 4-month extension

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Global-power

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday hinted at granting extension for four months in Commercial Operation Date (COD) to Turkish power firm M/s Zorlu Enerji along with same tariff approved previously as the company has only one issue with CCPA-G, i.e., interpretation of word “degradation”. Asian Development Bank’s Senior Investment Officer, Sheryar Ali Chaudhary said that financing is not easily available for Pakistan right now but the Bank is only considering Zorlu’s loan request because it has given a corporate guarantee. He further stated that if the…

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Anti-electricity theft, recovery drive a flop?

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circular-debt-K-electric-ceo

ISLAMABAD: Pakistan’s power sector circular debt stock crossed Rs 2.6 trillion by October 31, 2023, showing 13 percent or Rs 75.25 billion per month growth in its flow as anti-theft and recovery drive failed to give results as per expectations. According to sources, circular debt stock touched Rs 2.310 trillion at the end of FY 2022-23, with has now reached Rs 2.611 trillion during July-October 2023-24 with a growth of Rs 301 billion against growth of Rs 249 billion in same period of 2022-23. Payables to power producers have reached…

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India to be third-largest economy by 2030: S&P

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expects-India

BENGALURU: India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world’s third-largest economy by 2030, S&P Global Ratings said in a report. S&P expects India, currently the world’s fifth-largest economy, to grow at 6.4 per cent this fiscal year and estimates growth will pick up to 7pc by FY27. In contrast, it expects China’s growth to slow to 4.6pc by 2026 from an estimated 5.4pc this year. India’s gross domestic product (GDP) grew a bigger-than-expected 7.6pc in the…

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