Author: Admin

HUBCO’s Gharo plant set to come online in second half of 2026, eyes 25,000 vehicles annually

Admin
Hubco-Project

Hub Power Company Limited (HUBCO), Pakistan’s largest independent power producer (IPP), is set to launch its new CKD car assembly plant in Gharo, Sindh, in the second half of 2026, targeting an annual production capacity of 25,000 units.Topline Securities, which attended the management meeting of HUBCO, shared the development in its report on Thursday.During the meeting, HUBCO said that for the CKD car assembly plant in Gharo, the financial close for the greenfield project was achieved in January 2026.“The project includes a foreign lender, British International Investment, holding approximately a…

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KAPCO announces CEO change as Shahab Qader Khan resigns

Admin
New-KAPCO

Kot Addu Power Company Limited (KAPCO) has appointed Muhammad Masood as the acting chief executive in place of Shahab Qader Khan.The listed IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.“Shahab Qader Khan, chief executive officer, has resigned with effect from February 26, 2026. Muhammad Masood has been appointed as the acting chief executive officer till further notice,” read the notice.Muhammad Masood serves as GM Finance and CFO of KAPCO.Meanwhile, Shahab Qader Khan was appointed CEO of KAPCO on January 22, 2025.KAPCO was incorporated in Pakistan…

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Increased per-unit power costs: Nepra report identifies reason

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Nepra-KE-1

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has stated that underutilization of power plants, combined with excess installed capacity, significantly increased per-unit electricity costs during FY 2024–25, primarily due to higher capacity payments.The regulator emphasized that a balanced generation mix and improved system efficiency are essential to reduce electricity tariffs.In its Performance Evaluation Report of Operational Power Plants for FY 2024–25, NEPRA reviewed capacity utilization, generation costs, and operational efficiency under both the CPPA-G and K-Electric (KE) systems.Although the interconnection between the National Grid and KE was energized in…

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Fuel cost adjustment row erupts over PM’s power package

Admin
Power-Tariff

ISLAMABAD: In a befitting response to industrialists’ claims about the erosion of the prime minister’s Rs4.04 per unit tariff relief package, the government on Thursday said it had provided Rs15 billion in free working capital to industry for 90 days and was now seeking to recover it through a Rs1.78 per unit fuel cost adjustment (FCA) in March.“This is not an additional cost. You were given a lower tariff. You enjoyed Rs15bn in free working capital for 90 days. Now cost recovery is being done through the FCA,” said Rehan Akhtar, representing…

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Forces repel ‘miscalculated’ attacks by Afghan Taliban

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Afghan-Pak

PESHAWAR: Pakistan’s sec­urity forces swung into action after Afghan Taliban fighters launched unprovoked attacks along the border between both countries under the cover of darkness, the government said on Thursday night.However, they received “an immediate and effective response” from Pakistan’s security forces, the information ministry said in a statement.The action — dubbed ‘Ope­ration Ghazab Lil Haq’ — continued into the early hours of Friday, and by state media reports suggested the Pakistan Air Force (PAF) had joined the response, targeting Afghan positions, including an ammunition depot in Nangarhar province, inflicting…

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