Author: Admin

Majority Shareholder KEH Demands Immediate Elections for K-Electric Board

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K-Electric

ISLAMABAD: KE Holdings (KEH), Cayman Islands — the majority shareholder of KES Power Mauritius and the indirect largest shareholder of K-Electric — has called for urgent elections to reconstitute the K-Electric (KE) Board, whose term expired in July 2025. In a letter addressed to the CEO of KE, the Chairman of the SECP, and the CEO of the Pakistan Stock Exchange, Casey McDonald, Sole Director of KE Holdings Limited (formerly IGCF SPV 21 Limited), asserted that KEH holds 53.8% of KES Power (KESP), which in turn owns 66.4% of K-Electric.…

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NPPMCL Seeks Government Direction Amid Uncertainty Over Future of 450 MW Rousch Power Plant

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Power-Plants

ISLAMABAD: The National Power Parks Management Company Limited (NPPMCL) is facing growing uncertainty regarding the future of the 450 MW Rousch Power Plant, following its transfer to the government under the Negotiated Settlement Agreement (NSA), sources told Business Recorder. Under the NSA with M/s Rousch Power, the plant—previously owned by former Commerce Minister Abdul Razak Dawood—was handed over to the Government of Pakistan under BOOT terms. Key commitments included: During its 103rd Board meeting on October 17, 2025, NPPMCL reviewed the plant’s status and raised several concerns. The Board noted:…

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Pakistan to drill first offshore well in March 2026

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offshore well

KARACHI: Pakistan plans to drill its first offshore oil well in March 2026 along the southern shoreline of Sindh, marking a major step in the country’s search for new hydrocarbon reserves, a senior official at the state-owned explorer said on Thursday, reports ‘Arab News’. The well is being developed in the Sirani Block near Sujawal district, about 30 kilometres from the mainland, in what would mark Pakistan’s first attempt to tap offshore hydrocarbons after decades of relying on onshore discoveries. Offshore exploration has long been viewed as a missing link…

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Climate change now an ‘urgent reality’

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climate-change-11661065584-0

FAISALABAD:Faisalabad Chamber of Commerce & Industry (FCCI) President Farooq Yousaf Sheikh has said climate change is no longer a distant concern but an urgent reality, citing Pakistan’s recent experience with devastating floods, cloudbursts, and other unpredictable natural disasters.Speaking to a delegation from the Ministry of Climate Change and Environmental Coordination (MoCC&EC), he said that while Pakistan’s contribution to global climate change is minimal, just 0.9%, the country has borne the brunt of its catastrophic effects.“As the country faces the worst impacts of climate change, FCCI, as the apex trade body,…

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Hitachi Energy Awarded Strategic Contract to Enhance Pakistan’s Power Infrastructure

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Power Consumers

Pakistan is on the move—its cities are growing, its industries are expanding, and the demand for reliable, sustainable electricity has never been greater. To meet these ambitions, the National Grid Company of Pakistan (NGC) has chosen Hitachi Energy as a strategic partner for a landmark project: the 765/220 kV Mansehra Grid Station (Lot-III), the first of its kind in the country. This project is more than an infrastructure upgrade—it’s a leap toward a smarter, more resilient energy future. Challenge As Pakistan’s energy needs accelerate, so does the urgency to modernize its…

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