Author: Admin

Nepra Questions K-Electric’s Future Amid Heavy Reliance on National Grid

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) approved a Rs4.98 per unit refund for K-Electric (KE) consumers under November’s fuel cost adjustment (FCA), applicable in February bills. However, the regulator raised serious concerns over KE’s sustainability due to its dependence on the national grid for over 67% of its power supply. During a public hearing, Nepra member Maqsood Anwar questioned the relevance of KE’s generation licence if the utility continues to source the majority of its power from the National Transmission and Dispatch Company (NTDC). He suggested revoking the…

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Paid in Blood: Gaza Ceasefire Announced After 15-Month Conflict

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Paid-Blood

DOHA: Palestinians celebrated on Wednesday as a ceasefire agreement between Israel and Hamas was announced, set to take effect on Sunday. Brokered by the United States and Qatar, the deal also includes a phased hostage and prisoner exchange after 15 months of conflict. Qatar’s Prime Minister, Sheikh Mohammed bin Abdulrahman Al-Thani, confirmed the agreement, expressing hope for a permanent peace. “The two parties have reached a deal on a prisoner swap, and mediators announce a ceasefire framework,” he said. At the White House, President Joe Biden described the negotiations as…

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Pakistan, China commit to top-notch CPEC 2.0

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pakistan china

ISLAMABAD: Pakistan and China have reaffirmed their commitment to high-quality development of the China-Pakistan Economic Corri­dor (CPEC) 2.0, with emphasis on industrialisation, Spe­c­ial Economic Zones (SEZs), clean ene­rgy, agriculture and livelihood projects. This was agreed between the two sides in the 5th meeting of the CPEC Joint Working Group on Inter­nat­ional Coope­ration and Coordination (JWG-ICC) held in Beijing, the Foreign Office spokesperson said in a statement on Saturday. The meeting was co-chaired by For­eign Secretary Amna Baloch and Chi­nese Vice Foreign Minister Sun Weidong. The meeting acknowledged the pivotal role…

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Govt cuts tariff on charging stations by 45%: Awais Leghari

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awais leghari

In a bid to improve electric vehicle (EV) charging infrastructure in Pakistan, the government has decided to cut the tariff for EV charging stations by 45%, announced Federal Minister for Energy Awais Ahmad Leghari on Wednesday. “We are striving to make EVs accessible to the masses. In this regard, the Power Division has taken a significant step. “The government has decided to reduce the electricity tariff for charging stations by 45%, lowering it from Rs71.10 to Rs39.40,” said Leghari, while addressing a press conference. Leghari said that due to high…

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OGDCL begins oil & gas production from Khairpur’s Kharo-1 well

Admin
oil and gas

Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company, commenced production of oil and gas from its Kharo-1 well located in Khairpur district, Sindh. The E&P shared this development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We are pleased to announce that Kharo-1 well has been successfully brought into production,” said OGDCL in its notice. The E&P shared that the Kharo-1 well is currently producing 20 barrels per day (bpd) of oil and 5.0 million standard cubic feet per day (mmscfd)…

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