Year: 2023

In a major development, K-Electric is all set to go for green energy and to this effect has started working on renewable projects that include solar, hybrid (solar and wind), and hydropower projects to make its electricity basket price affordable. And to this effect, K-Electric and China Three Gorges South Asia Investment Limited (CTGSAIL) here on Monday signed a Memorandum of Understanding (MoU) to collaborate on exploring renewable energy including hydro projects across the country, including Azad Jammu & Kashmir. Both companies will also work to develop a roadmap for…

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National Electric Power Regulatory Authority (Nepra) on Monday decided to grant micro-grid licences to Quaid-e-Azam Solar (Private) Limited (QASPPL) aimed to satisfy the queries raised by Registrar Nepra and Multan Electric Power Company (Mepco). Chairman Nepra Tauseef H Farooqi, Member Sindh, Rafique Ahmad Shaikh and Maqsood Anwar Khan officiated the public hearing. Chairman Nepra congratulated the company for filing application for licence of micro-grid in the country. QASPPL submitted two applications on October 17, 2022 for total 11 (six locations and five locations) micro-grid licences for cumulative capacity of 700…

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Senator Mushahid Hussain Syed has said that by utilising “our natural resources, we can bid goodbye” to the International Monetary Fund’s handouts. “If we truly exploit and utilise our mineral wealth, natural gas, and offshore blue economy, cumulatively worth almost a trillion dollars, Pakistan can bid goodbye to the International Monetary Fund handouts, which we have received for 23 times, without bringing about quality change,” the senator said while addressing the workers of the China-Pakistan Economic Corridor (CPEC) projects in Sindh on Sunday. The parliamentary delegation was led by Senator…

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PPIB ENERGISES NATIONAL GRID WITH ANOTHER 1320 MW CHEAP AND INDIGENOUS ELECTRICITY Private Power and Infrastructure Board (PPIB) on 5th February 2023 announced achievement of Commercial Operation Date (COD) of country’s largest Thar coal based power project located at Thar Block-1. Having the generation capacity of 1320 MW, Shanghai project has been implemented under the China-Pakistan Economic Corridor (CPEC). The Project is developed by Thar Coal Block-1 Power Generation Co., a fully owned subsidiary of Shanghai Electric. The Project has attracted valuable foreign direct investment of $1,912 million which is…

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With only three days left to end differences, Prime Minister Shehbaz Sharif on Monday gave a go-ahead to increase electricity prices aimed at striking a deal with the International Monetary Fund (IMF), which may further push the annual base tariff up by about 33%. The decision in principle was taken in a meeting held at the Prime Minister House after the IMF did not budge from its earlier stance that Pakistan will have to honour its past commitments. The premier chaired the meeting online, as he was in Lahore. There…

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