The Khyber Pakhtunkhwa (KP) government has formally requested the federal government to settle outstanding electricity arrears totaling Rs5,476 million owed to Pakhtunkhwa Energy Development Organisation (Pedo). In a letter to Federal Minister for Energy and Power Division Awais Leghari, KP’s Adviser to Chief Minister on Finance, Muzzammil Aslam, emphasized the urgency of paying these arrears to fulfill obligations to KP’s residents. The arrears include Rs2,114 million for electricity from Malakand III Hydro Power Complex (HPC) and Rs149 million from Daral Khwar, confirmed by relevant authorities. Additionally, unconfirmed arrears of about…
Read MoreMonth: May 2024
Deadline Extension Sought for Refinery Upgrades
The Petroleum Division has requested a 6-month extension from the Cabinet Committee on Energy (CCOE) for local refineries to finalize Implementation Agreements (IAs) under the amended brownfield refineries’ policy 2023. This move aims to accommodate major players like Pak-Arab Refinery Company (PARCO) and Cenergyico, enhancing refining capabilities but delaying $5-6 billion investments. The initial deadline of April 22, 2024, for signing IAs was missed by PARCO due to pending decisions by its Board of Directors (BoD). The proposed extension allows PARCO to finalize its upgrade plans and enables Cenergyico to…
Read MoreNepra Approves Rs2.8 per Unit Surcharge in May Power Bills
The National Electric Power Regulatory Authority (Nepra) has sanctioned ex-Wapda power distribution companies (XWDISCOs) to levy an extra Rs2.8372 per unit on consumers’ May 2024 electricity bills. This move, known as the monthly fuel cost adjustment (FCA), comes after power consumers paid less than the actual cost of power generation, particularly from costly imported fuel, in March. Nepra’s decision translates into an aggregate collection of over Rs25 billion from consumers. In response to a petition from the Central Power Purchasing Agency (CPPA-G), representing XWDISCOs, Nepra’s decision excludes electric vehicle charging…
Read MoreEngro’s Global Expansion Plans: Diversifying Across Energy and Telecom
Engro Corp, Pakistan’s largest conglomerate, is eyeing international markets for expansion, with a focus on the Middle East, Central Asia, and Africa, according to Samad Dawood, Vice Chairman of Dawood Hercules Corp, Engro’s major investor. In a recent interview with Reuters, Dawood highlighted Engro’s interest in global LNG ventures and hydrogen energy, alongside plans to enter telecom infrastructure markets in the Middle East, North Africa, and Central Asia. Africa is also on Engro’s radar for expanding its fertilizer business. With a market capitalization of Rs193 billion ($694 million) and assets…
Read MoreThe use of drones offers Red Solar a better PV solution at Mountain
Drones are helping Red Solar achieve better PV solutions in the mountains,Chongqing,China. The project team has completed the PV installations at the construction site. With altitudes ranging from 1200 to 1700 meters, the steep slopes present significant challenges. Constructing a solar power station in this rugged terrain requires unconventional approaches and innovative PV solutions, calling for courage and ingenuity from Red Solar’s team members. By employing drones, they can overcome various difficulties in mountain transportation and safely and efficiently deliver materials to the destination. Red Solar engineers carefully plan flight…
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