Day: April 5, 2025

Liberty-Led Consortium Withdraws Bid for 63.89% Stake in Engro Powergen Qadirpur

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Engro-Powergen1

KARACHI: A consortium led by Liberty Power Holding has officially withdrawn its intention to acquire a 63.89% stake in Engro Powergen Qadirpur Limited, citing commercial considerations. In a notice filed with the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) on Thursday, Arif Habib Limited confirmed the termination in accordance with Regulation 21 of the Listed Companies Takeover Regulations, 2017. A formal public withdrawal notice will be issued on April 4. The consortium, which included Arif Habib Corporation, Pakistan Engineering Company, Security Investment Bank, and…

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Rs5 per Unit Power Tariff Relief Expected Soon, Confirms NEPRA Chief

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NEPRA

ISLAMABAD: Consumers are set to receive immediate power tariff relief of Rs5.03 per unit within the coming days, confirmed National Electric Power Regulatory Authority (NEPRA) Chairman Waseem Mukhtar during a public hearing on Friday. The hearing, held to deliberate on the government’s proposal to reduce tariff by Rs1.71 per unit through an additional petroleum levy of Rs58.6 billion for three months, highlighted NEPRA’s efforts to implement Prime Minister Shehbaz Sharif’s announced relief of Rs7.69 per unit for industrial and Rs7.41 for domestic (non-lifeline) consumers. Mukhtar explained that the Rs5.03 per…

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Oil Consumers to Shoulder Rs58bn Burden to Fund Power Tariff Relief

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Power Division

ISLAMABAD: Electricity consumers across Pakistan, including those in Karachi, will benefit from reduced power tariffs of up to 17%, funded primarily through an increased petroleum development levy (PDL) of Rs58 billion, placing the burden on oil consumers. At a public hearing on Friday, the National Electric Power Regulatory Authority (Nepra) reviewed a government proposal to reduce power tariffs by Rs1.71 per unit for three months (April to June). This reduction, part of the prime minister’s broader relief package, increases the total subsidy allocation to Rs266 billion, potentially rising to Rs324…

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Power Minister Confirms No Base Tariff Cut Yet, Outlines Rs7.41/Unit Relief and Reforms Ahead

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Awais-Leghari

ISLAMABAD, April 5: Power Minister Awais Ahmad Khan Leghari on Friday confirmed that there has been no reduction in the national base electricity tariff so far, even as the government prepares to offer temporary relief of up to Rs7.41 per unit through quarterly and monthly adjustments. At a press conference, the minister explained that the Rs1.90 per unit negative quarterly tariff adjustment (QTA) will *fluctuate with exchange and interest rates, while a separate Rs1.71 per unit relief due to a reduced petroleum levy would remain in place through *June 2025.…

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Siemens Gamesa Installs World’s Most Powerful Wind Turbine in Denmark

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Siemens-Gamesa

Østerild, Denmark – April 5, 2025: Siemens Gamesa has successfully completed the installation of the world’s most powerful wind turbine — a groundbreaking 21.5MW offshore prototype — at the Østerild test centre in northern Denmark. The final set of blades was mounted yesterday, marking a major milestone for the German-owned renewable energy giant. This achievement positions Siemens Gamesa at the forefront of global wind energy innovation, with the prototype expected to undergo rigorous testing before eventual commercial deployment. The 21.5MW turbine sets a new benchmark in offshore wind power capacity,…

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