Author: Admin

KARACHI (April 29): Sindh Chief Minister Syed Murad Ali Shah has directed the Energy Department and K-Electric to jointly develop a targeted subsidy mechanism aimed at reducing electricity costs for vulnerable consumers in Karachi, while improving supply reliability in low-income areas ahead of the summer season. The directive came during a meeting held at the Chief Minister House with K-Electric leadership, including Chairman Shahryar Chishti and CEO Syed Taha, and senior provincial officials such as PSCM Agha Wasif and Energy Secretary Shuhab Ansari. Expressing concern over prolonged and increasing load-shedding…

KARACHI: Cnergyico PK Limited has reported a remarkable financial recovery for the nine months ended March 31, 2026, posting a consolidated profit after tax of Rs17.10 billion compared to a loss of Rs1.76 billion in the same period last year, according to its filing at the Pakistan Stock Exchange. Earnings per share (EPS) improved significantly to Rs3.11 from a loss of Rs0.32, reflecting enhanced shareholder value. Net revenue rose 20.08% year-on-year to Rs261.86 billion, driven by improved refinery throughput, better product pricing, and stable domestic demand. Cost of sales increased…

KARACHI: Burj Clean Energy Modaraba (BCEM) has successfully raised Rs1 billion through an upsized Short-Term Green Sukuk, reflecting strong investor confidence in Pakistan’s growing sustainable energy sector. Listed on the Pakistan Stock Exchange, BCEM increased the issuance size following robust demand from institutional investors. The capital will support the company’s expanding pipeline of renewable projects, including utility-scale wind, solar, and Battery Energy Storage Systems (BESS), particularly for corporate and industrial clients. The funding will also enable BCEM to strengthen its role in Pakistan’s emerging electric vehicle ecosystem by financing EVs…

ISLAMABAD: A policy rift has emerged between the Independent System and Market Operator (ISMO) and the National Electric Power Regulatory Authority (Nepra) over critical elements of the Integrated System Plan (ISP) 2025–35, including project inclusion, demand projections and regulatory compliance. ISMO defended its decision to exclude certain hydropower projects from the latest Indicative Generation Capacity Expansion Plan, citing delays, low progress and updated least-cost planning requirements. However, Nepra insisted that projects such as Gabral Kalam and Madyan—previously classified as “committed” under IGCEP-2021—must remain part of future plans in line with…