Day: February 13, 2025

Sir Syed University’s power system to be converted to solar energy

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mou-sir-syed

Sir Syed University will save about Rs. 50 million annually – Governor Kamran TesoriMoU signed between Sir Syed University and Redstone Energy at the Governor House KARACHI, February 13, 2025 – A Memorandum of Understanding was signed between Sir Syed University of Engineering and Technology and Redstone Energy at a ceremony held at the Governor House under which the power system of Sir Syed University will be converted to solar energy. As a result of the agreement with Redstone, Sir Syed University will save about five crore rupees annually. The…

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Govt Plans to Convert 3,400 Closed CNG Stations into EV Charging Hubs

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NEPRA-EV

ISLAMABAD: In a bid to accelerate electric vehicle (EV) adoption, the government is considering repurposing 3,400 closed CNG stations into EV charging hubs while lowering electricity tariffs to attract investment. With only eight operational EV charging stations and 94,000 electricity units consumed for EV charging over the past year, the National Electric Power Regulatory Authority (NEPRA) reviewed a proposal on Wednesday to slash the base electricity tariff for EV stations from Rs45.55 to Rs23.57 per unit. NEPRA, however, raised concerns about pricing controls, questioning how operators would be prevented from…

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Nepra Warns KE of Consequences Over Delayed Data Submission

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NEPRA-Office

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has cautioned K-Electric (KE) of serious repercussions for failing to provide timely and complete information as directed. According to Nepra’s order, KE was instructed on May 15, 2024, to submit details on net-metering applications rejected due to overloading of the Common Distribution System and Pole Mounted Transformers (PMTs) within seven days. However, KE did not comply within the stipulated period, despite a reminder issued on June 13, 2024. The company later requested an extension until July 15, 2024—over 30 days past the…

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IMF Open to Reviewing Pakistan’s Power Tariff Cut Plan, Says PM Shehbaz

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pak-imf

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday assured that concerns over the International Monetary Fund (IMF) rejecting Pakistan’s proposal to lower electricity prices have been addressed. Speaking at a federal cabinet meeting, he revealed that IMF Managing Director Kristalina Georgieva expressed willingness to consider Pakistan’s power tariff reduction plan if formally presented. During his recent visit to Dubai, the prime minister discussed economic and investment opportunities with UAE President Sheikh Mohamed bin Zayed Al Nahyan, accompanied by Army Chief General Syed Asim Munir. He also met the IMF chief, highlighting…

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Nepra Notifies Rs1.23 Per Unit Refund, Grills Discos Over Security Deposit Hike

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NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a Rs1.23 per unit negative fuel cost adjustment (FCA) for consumers of ex-Wapda distribution companies (Discos) and K-Electric (KE) in their current month’s electricity bills. For Discos, the negative FCA applies to electricity consumed in December, while for KE, it corresponds to consumption in November. However, Nepra’s Member Tariff Mathar Niaz Rana criticized the Rs1.23 per unit adjustment for KE, arguing that the company initially proposed a Rs4.98 per unit refund amounting to Rs7.18 billion. Nepra had calculated an FCA…

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