Author: Admin

UEP Wind Power Seeks Rs 6.213 Billion from CPPA-G to Avert Debt Default

Admin
Wind-Power

ISLAMABAD: UEP Wind Power Limited has requested Rs 6.213 billion from the Central Power Purchasing Agency (CPPA-G) to meet critical financial obligations through December 31, 2024, citing delayed payments and mounting debt. In a letter to CPPA-G’s CEO, UEP’s President, Khurram Shahzad, outlined the company’s urgent need to address upcoming debt payments, including a substantial liability to China Development Bank. UEP foresees a shortfall that could lead to default if unmet, with unpaid invoices expected to total Rs 9.134 billion by December, of which Rs 8.437 billion is already overdue.…

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Gas Supply Halted in Karachi’s DHA Due to Pipeline Damage; Price Hike Likely Amid SNGC Request

Admin
OGRA-GAS

KARACHI: The Sui Southern Gas Company (SSGC) has suspended gas supply to Defence Housing Authority (DHA) and nearby areas, including Defence View, Azam Basti, and Akhtar Colony, following damage to a 24-inch pipeline during excavation work near Jam Siddiq Bridge. Emergency repair crews are working to restore the line, with service expected to resume by 6:00 AM tomorrow. Meanwhile, the Sui Northern Gas Company (SNGC) has proposed a Rs 64 per MMBTU price increase to the Oil and Gas Regulatory Authority (Ogra), citing a Rs 20.58 billion deficit, including costs…

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Germany Seeks COAS Intervention in Siemens Power Plant Deal Termination

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Power-Plant

ISLAMABAD: Germany has appealed to Pakistan’s Chief of Army Staff, General Asim Munir, for assistance in revising a settlement over the closure of a 450MW power plant involving German investor Siemens, who reportedly felt pressured to agree to the deal. The German Ambassador to Pakistan, Alfred Grannas, reached out to General Munir, seeking an amicable solution to safeguard German investments, according to Ministry of Energy sources. Siemens holds a 26% stake in Rousch Pakistan Power Limited, one of five plants whose contracts were terminated this month in an effort to…

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Electricity Tariffs Set to Rise in November Despite Lower Fuel Costs

Admin
Power Division

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) announced on Wednesday that electricity rates for ex-Wapda distribution company (Disco) consumers will increase by 15 paise per unit in November, despite a drop in fuel costs. During a public hearing on fuel cost adjustments (FCA) for September, a Nepra case officer explained that while the FCA was reduced by 71 paise per unit, an earlier reduction of 86 paise per unit expired, resulting in a net rise. Nepra Chairman Waseem Mukhtar, presiding over the hearing, noted that despite the cost relief,…

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Lahore Launches ‘Green Lockdown’ to Combat Smog Crisis

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Green-Lockdown

CM Maryam calls for collaboration with Indian Punjab 11 smog hotspots targeted; ‘green ring’ planned around LahoreRestrictions on barbecues, marriage halls, and commercial generatorsExperts call measures ‘insufficient, poorly planned’LAHORE: In a bid to curb rising pollution, the Punjab government has introduced a “green lockdown” across designated smog hotspots in Lahore, restricting activities at barbecue joints, motorcycle-rickshaws, and marriage halls—although air quality experts have criticized the measures as inadequate. The initiative, launched Wednesday, aims to tackle Lahore’s worsening air pollution, with the city’s Air Quality Index (AQI) reaching a high of…

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