Author: Admin

K-Electric Ensures Uninterrupted Power Supply to 70% of Network

Admin
circular-debt-K-electric-ceo

K-Electric (KE) has announced that 70% of its 2,100 feeders remain exempt from loadshedding following its quarterly review. The updated loadshedding schedule is now accessible on the KE website and is effective immediately. The remaining 30% of feeders experience loadshedding durations ranging from 6 to 10 hours. Customers can stay updated through the KE Live App and KE’s WhatsApp service. Timely bill payments and reductions in electricity theft have improved power supply in many areas, with some, including Orangi Sector 14-A to 14-F and Shamsi Colony, achieving full exemption from…

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KUFPEC Sells $60M Assets to PEL, Exits Pakistan’s Energy Sector

Admin
Gas-Sale

ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has officially exited Pakistan’s oil and gas sector by selling its key assets, valued at approximately $60 million, to Pakistan Exploration (Private) Limited (PEL). This marks the conclusion of KUFPEC’s operations in the country amidst growing challenges in the energy sector. A senior official from the Ministry of Energy revealed that mounting circular debt, now at Rs2,700 billion, has significantly deterred foreign Exploration and Production (E&P) companies. Of this amount, Rs1,500 billion, including $600 million owed to local and foreign E&P firms, remains…

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Power Division Launches Inquiry into NTDC Over PSDP Scheme Deletion

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Power-Division

ISLAMABAD: The Power Division has initiated a fact-finding inquiry against the National Transmission and Despatch Company (NTDC) for the removal of development schemes, including the Electricity Distribution Efficiency Improvement Project (EDEIP), from the Public Sector Development Program (PSDP). This deletion has stalled consultant salaries and delayed new consultancy contracts since the start of the financial year, sources revealed. Special Secretary Power Division, Arshad Majeed Mohmand, has been appointed as the inquiry officer under a directive issued on November 13, 2024. He issued multiple warnings to NTDC Managing Director Waseem Younas…

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PM Directs Power Division to Review Base Load Needs and Accelerate Reforms

Admin
power-energy

ISLAMABAD: Prime Minister Shehbaz Sharif has instructed the Power Division to conduct a thorough review of base load power requirements and analyze the costs of retiring low-efficiency power plants versus transitioning to solar and renewable energy solutions. These directives were issued during a high-level meeting discussing the Integrated Generation Capacity Expansion Plan (IGCEP), solar power projects, floating solar initiatives, Saudi Arabia’s ACWA Power projects, and the decommissioning of generation companies (Gencos). The prime minister emphasized the need for weekly updates from Minister for Power Awais Leghari on electricity off-take under…

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Cabinet Advocates Uniform Gas Prices to Stabilize Fertiliser Market

Admin
oil price

ISLAMABAD: The federal cabinet has proposed introducing uniform gas prices for fertiliser manufacturers to eliminate alleged favoritism and market distortions. The move aims to ensure a level playing field as discrepancies in current gas tariffs have led to uneven profit margins among manufacturers. At present, some urea manufacturers pay lower gas tariffs while others incur higher costs. Despite this, all companies sell fertilisers at uniform prices to farmers, allowing those with lower tariffs to generate higher profits. During a recent cabinet meeting, members emphasized the need for equitable gas tariffs…

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