Author: Admin

PEL Begins Export Operations to the USA with First Transformer Shipment

Admin
Pak-Elektron

LAHORE:* Pak Elektron Limited (PEL) has officially launched its export operations to the United States, marking a significant milestone in its global expansion strategy. In a notice to the Pakistan Stock Exchange (PSX), PEL announced that its first consignment of transformers departed from Pakistan on March 13, 2025. “This achievement reflects our commitment to exploring new international markets and enhancing our global footprint,” the company stated. Founded in 1956 and acquired by the Saigol Group in 1978, PEL specializes in manufacturing domestic appliances and electrical capital goods. The company operates…

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KE Board to Approve Additional Write-Off Claims Worth Rs 50 Billion

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K-Electric

ISLAMABAD:* The Board of Directors of K-Electric (KE) is set to approve additional write-off claims to secure the approval of Rs 50 billion in billing adjustments for the financial years 2017 to 2023. This move aligns with an understanding reached with the Task Force on Energy, headed by Federal Minister for Power Sardar Awais Khan Leghari. The 125th KE Board meeting, scheduled for March 18, 2025, will finalize these claims for submission to the National Electric Power Regulatory Authority (Nepra). KE Chairman Mark Gerard Skelton acknowledged the urgency of the…

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Chinese Firm Denies Allegations of Irregularities in Coal Bidding Process

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Sahiwal-Power

ISLAMABAD: Chinese company Huaneng Shandong Ruyi (HSR), the owner of the 1,360MW Sahiwal coal-fired power plant, has strongly refuted allegations of irregularities in its coal procurement process, dismissing them as a targeted attempt to tarnish its reputation for vested business interests. In a letter to the Power Division, HSR addressed a complaint filed by Noor Khan and Haider Sultan on January 10, 2024, categorically denying any involvement of Sinpa Commercial (SMC-PRIVATE) Limited or YONGTAI Energy Pvt. Ltd. in its coal bidding process. The company asserted that these firms have never…

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Solar Net-Metering Set to Expand Under New Policy: Energy Minister

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Net-Metering

Federal Minister for Energy Sardar Awais Ahmad Leghari announced on Sunday that the number of solar net-metering consumers is expected to rise following new policy regulations. Speaking on Geo News program Naya Pakistan, Leghari stated that solar consumers would recover their investment within approximately four years. He dismissed concerns that the government was discouraging solar adoption, clarifying that no taxes had been imposed on solar panels. The Economic Coordination Committee (ECC) recently revised the buyback tariff for rooftop solar consumers from Rs27 to Rs10 per unit, a move aimed at…

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Cuba Restores Power After 40-Hour Blackout, Reconnects National Grid

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Restores-Power

Cuba has restored electricity to much of Havana and reconnected its national grid after a 40-hour blackout that left 10 million people in the dark. Officials confirmed that by late Sunday, power had been restored to around two-thirds of the capital, with full restoration expected overnight. The outage began Friday evening when a transmission line at a Havana substation shorted, triggering a chain reaction that shut down power generation across the island. The blackout—Cuba’s fourth nationwide outage since October—crippled businesses, shut down traffic signals, and left Havana’s two million residents…

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