Day: November 3, 2025

ISLAMABAD: Chairman Islamabad Electric Supply Company (IESCO) Dr. Tahir Masood has said that the company’s Board of Directors is implementing a comprehensive modernization strategy aimed at upgrading both administrative and technical systems to meet contemporary needs. In an official statement, Dr. Masood emphasized that transparency, governance improvement, and superior customer service are the board’s foremost priorities. He said that several initiatives have been launched under the board’s vision of digital transformation, fostering openness in operations and enabling consumers to access high-quality and timely services electronically. He highlighted that modern Customer…

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PESHAWAR: The Pakhtunkhwa Energy Development Organization (PEDO) and the University of Engineering and Technology (UET) Peshawar have signed a Memorandum of Understanding (MoU) to strengthen cooperation in renewable energy research, technology development, and capacity building for 2025–2026. The signing ceremony was held at the Center for Advanced Studies in Energy (CAS-E), UET Peshawar. The agreement was signed by Prof. Dr. Sadiq Khattak, Vice Chancellor of UET Peshawar, and Muhammad Zubair Khan, Secretary Energy and Power, in the presence of Syed Habib Ullah Shah, CEO PEDO, and senior officials from both…

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KARACHI: The Hub Power Company Limited (HUBCO), Pakistan’s largest independent power producer (IPP), has announced the formal completion of its two China-Pakistan Economic Corridor (CPEC)-linked Thar coal power projects — Thar Energy Limited (TEL) and ThalNova Power Thar (Private) Limited (TN) — marking a major milestone in the country’s energy development journey. In a notification to the Pakistan Stock Exchange (PSX) on Monday, HUBCO confirmed that lenders of both projects had declared the Project Completion Date (PCD) for the two 2x330MW mine-mouth coal-fired plants on October 31, 2025. According to…

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ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has urged the Power Division to revisit the existing peak hours regime to better align it with the actual power demand patterns across the national grid, warning that the current system is leading to massive underutilization of available capacity. In a letter addressed to Federal Minister for Power, Sardar Awais Ahmad Khan Leghari, APTMA Secretary General Shahid Sattar highlighted that the demand profile of distribution companies (Discos) and K-Electric over the past year indicates a consistent shift in peak demand toward midnight,…

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ISLAMABAD: The Asian Development Bank (ADB) has raised serious concerns over Pakistan’s struggling power sector, revealing that weak governance, lack of transparency, and outdated regulatory frameworks continue to cripple the performance of distribution companies (Discos) — despite repeated reform claims by the Power Division. According to sources in the Ministry of Economic Affairs, the ADB’s findings were shared during a recent mission visit, where the bank underscored how chronic inefficiencies, mounting losses, and governance lapses have left Discos unable to secure commercial financing, forcing them to depend on limited public…

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