Day: October 19, 2024

Consumers to receive cheaper electricity as KE reaches historic milestone

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KARACHI: In a significant development, K-Electric has successfully established the city’s first 500 kV grid station, a landmark achievement after several decades,This initiative allows the supply of affordable electricity to the citizens of Karachi from the KANUPP – Karachi Nuclear Power Plant (or KANUPP) is a large commercial nuclear power plant located at the Paradise Point.The KKI grid, completed in just 22 months, provides a vital transmission link between the National Grid and K-Electric’s network. This connectivity is expected to bolster energy security for both local industries and the southern…

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E Turbo Motors Pvt Limited Achieves Historic Milestone with Grand Launch Event

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E Turbo Motors Pvt Limited marked a significant milestone with the launch of a groundbreaking initiative in the event industry, under the visionary leadership of CEO Mr. Usama Sheikh. This landmark occasion, held with great fanfare, signifies the company’s continued growth and dedication to excellence. The launch event was graced by Mr. Sharjeel Inam Memon, Senior Minister for Information, Transport, and Narcotics Control, as the Chief Guest. The event saw the participation of several high-profile dignitaries, including Sindh Provincial Ministers, MNA Dr. Mirza Ikhtiar Baig, and esteemed diplomats from the…

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PHMA Criticizes Government’s Plan to Withdraw Gas Supply to Captive Power Plants

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LAHORE: Abdul Hameed, Chairman of the Pakistan Hosiery Manufacturers & Exporters Association (PHMA) North Zone, has strongly condemned the government’s proposal to halt gas supply to co-generation captive power and captive power plants. He warned that this move could have devastating effects on both the industry and the economy. In a letter addressed to Prime Minister Shehbaz Sharif, Hameed urged immediate action to protect the export industry, which has invested heavily in co-generation and captive power systems. He argued that cutting off gas supply would render these investments useless, leading…

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Government to Meet 18 IPPs Next Week for Pay-Mode Conversion Talks

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ISLAMABAD: The government is set to begin meetings next week with executives from 18 Independent Power Producers (IPPs) established under the 1994 and 2002 Power Generation Policies to discuss the conversion of their contracts from the ‘take or pay’ to ‘take and pay’ model. This shift aims to reduce the financial burden on the national exchequer and align with ongoing power sector reforms, sources informed Business Recorder. The government claims it has already saved Rs 411 billion by terminating Power Purchase Agreements (PPAs) of five IPPs. While the cabinet approved…

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Petroleum Minister Musadik Malik Removed from Key Pipeline Committee Amid Delays

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ISLAMABAD: Petroleum Minister Musadik Malik has been removed from the Transnational Pipeline Committee, which oversees critical projects such as the Iran-Pakistan (IP) and Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipelines. His removal follows months of stalled progress on these vital energy projects, raising concerns over Pakistan’s energy security. Malik had previously resisted amendments to petroleum policies that could attract $5 billion in investments. In response, Prime Minister Shehbaz Sharif appointed Deputy Prime Minister Ishaq Dar as the new head of both the Transnational Pipeline and Sugar Price Control Committees to expedite progress. The…

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