Author: Admin

KP Seeks Re. 1/Unit Hike in NHP Amid Federal-Provincial Standoff

Admin
Power genration

ISLAMABAD: The longstanding debate over Net Hydel Profit (NHP) has reignited, with the Khyber Pakhtunkhwa (KP) government demanding an increase of Re. 1 per unit to ensure the payment of its dues. However, the proposal has faced opposition from WAPDA, Punjab, and Sindh, sources in the Planning Commission revealed. The matter was discussed during an inter-provincial meeting chaired by Awais Manzur Sumra, Secretary of Planning, Development, and Special Initiatives. KP’s Technical Advisor, Himayatullah Khan, emphasised that Article 161(2) of the Constitution mandates the Federal Government to pay NHP to provinces…

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SNGPL Seeks Petroleum Division’s Intervention on Gas Cost Equalisation and RLNG Financing

Admin
SNGPL-Office

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has called on the Petroleum Division for urgent support to finalise a gas cost equalisation arrangement with Sui Southern Gas Company Limited (SSGC) and to include the full financing cost of short-term RLNG borrowings in the RLNG price structure to ensure cost recovery. In a letter to the Director General (Gas) at the Petroleum Division, SNGPL’s Chief Financial Officer (CFO) reaffirmed the company’s commitment to meeting its financial obligations, including payments to Pakistan State Oil (PSO). The letter highlighted that accumulated payment shortfalls…

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Mari Energies to Acquire 5% Stake in Kohesultan Mining Company

Admin
New-Mari1

ISLAMABAD: Mari Energies Limited (MARI), formerly known as Mari Petroleum Company Limited, has announced its definitive agreement to acquire a 5% stake in Kohesultan Mining Company Limited (KMCL). The development was disclosed in a notification to the Pakistan Stock Exchange (PSX) on Wednesday. “Mari Minerals (Private) Limited, a wholly owned subsidiary of Mari Energies Limited, has entered into a definitive agreement—subject to regulatory approvals—to acquire a 5% interest in KMCL from Siahkoh Mining Development (SMC-Private) Limited (SMD),” stated the notice. KMCL is a joint venture between SMD and MCC Tongsin…

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EDB to Draft Comprehensive Power Sector Indigenisation Plan

Admin
Power-sector

ISLAMABAD: The Engineering Development Board (EDB) has been entrusted by the Ministry of Energy, under the National Electricity Policy 2021 and National Electricity Plan 2023, to design a comprehensive Power Sector Indigenisation Plan (PSIP). This initiative seeks to promote import substitution, enhance localisation, and unlock export potential for Pakistan’s electrical power equipment. The PSIP will focus on localising the production of key power sector components, including transformers, switchgear, cables, insulators, energy meters, and overhead transmission fittings. According to the EDB, the plan will serve as a strategic framework for reducing…

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Centre Claims Rs225 Billion Receivables from K-Electric Amid Decline in Circular Debt

Admin
K-Electric

ISLAMABAD: The federal government has claimed Rs225 billion in receivables from K-Electric (KE), with Rs186.5 billion attributed to mark-up on a principal liability of Rs38.8 billion, according to the power division’s latest circular debt report. The report, released after a six-month gap, highlighted a reduction in the power sector’s circular debt, which stood at Rs2.381 trillion as of November 2024—a notable decline from Rs2.678 trillion in November 2023, marking an 11% decrease. The report revealed that circular debt across three major categories—payables to power producers, fuel suppliers, and liabilities parked…

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