Year: 2025

No Major Cut in Base Power Tariff Expected for FY2025-26

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Nepra-tariff

ISLAMABAD, May 9: Contrary to public expectations of substantial relief, the government is unlikely to implement a significant reduction in the base electricity tariff for the upcoming fiscal year 2025-26. According to official sources, the proposed adjustment ranges from a modest 30 paisa to a maximum of Rs2.25 per unit, depending heavily on exchange rate fluctuations and other economic variables. The Central Power Purchasing Agency (CPPA), under the Power Division, has submitted its projected Power Purchase Price (PPP) for FY26 to the National Electric Power Regulatory Authority (NEPRA). NEPRA will…

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WAPDA Chairman Assesses Neelum-Jhelum Dam Damage Following Indian Shelling

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MUZAFFARABAD, May 9: In a significant development with potential regional implications, Chairman of the Water and Power Development Authority (WAPDA), Lt Gen (Retd) Sajjad Ghani, visited the Neelum-Jhelum Hydropower Project (NJHP) site to assess the extent of damage caused by Indian shelling during the early hours of May 7. His visit aimed to evaluate structural integrity and boost staff morale amidst heightened tensions. According to project officials, the shelling began at approximately 1:15am and lasted for nearly six hours, damaging key infrastructure. Critical components affected include a hydraulic power unit…

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Innovations in Action: The Winners of The smarter E AWARD 2025 Spotlight 24/7 Renewable Energy Supply

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renewable-energy

Munich, Germany – May 8, 2025: On the eve of The smarter E Europe 2025, Europe’s largest platform for the energy industry, the prestigious The smarter E AWARDs were presented at a grand ceremony at Messe München. This year’s awards spotlighted groundbreaking innovations across five key categories – Photovoltaics, Energy Storage, E-Mobility, Smart Integrated Energy, and Outstanding Projects – with three winners honored in each, reflecting the sector’s diversity and dynamism. The 15 winning entries represent the cutting edge of renewable energy, showcasing solutions that enable continuous, sustainable energy access.…

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Mari Energies Limited Announces Significant Gas Discovery at Soho-1 Well in Sujawal Block, Sindh

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Mari-Energies

ISLAMABAD, May 2025 — Mari Energies Limited (MEL) has announced a major hydrocarbon discovery at its Soho-1 exploratory well, drilled in the Sujawal Block, located in the Sujawal district of Sindh Province. The breakthrough was made in the Lower Goru (Massive Sand) Formation and marks the first-ever gas find in this specific formation within the block, opening new exploration prospects in the region. According to MEL, the testing of the Lower Goru (Massive Sand) Formation revealed a promising gas flow rate of 30.01 million standard cubic feet per day (MMSCFD)…

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Privatization and Finance Ministers Engage Global Investors at High-Profile Roundtable in London

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New-Project13

London, May 7, 2025 — In a strong show of investor confidence in Pakistan’s economic trajectory, the Federal Minister for Privatization and the Federal Minister for Finance participated in an exclusive Investor Roundtable hosted by KTrade Securities at Carlos Place, London. The high-impact event brought together a select group of global private equity investors and strategic partners interested in unlocking Pakistan’s investment potential. Prominent international investors in attendance included NIU Invest (Germany), with a focus on mining and real estate; Hamid Nasir of General Atomics; Dr. Yanwen Chan from Phinx…

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