Category: Highlights

Nepra Supports Over Rs60 Billion KE Write-Offs ISLAMABAD:

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NEPRA-KE

Chairman of the National Electric Power Regulatory Authority (Nepra), Waseem Mukhtar, has expressed support for over Rs60 billion in write-offs for K-Electric (KE). During a meeting at the Special Investment Facilitation Council (SIFC) aimed at resolving KE’s longstanding issues, Mukhtar noted that losses for government-owned distribution companies (Discos) are typically absorbed into the circular debt or recovered through consumer surcharges. KE’s CEO, Syed Moonis Abdullah Alvi, outlined that extensive deliberations involving key stakeholders led to the Economic Coordination Committee (ECC) of the Cabinet approving several agreements to settle disputes between…

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Latest Petrol Prices in Pakistan from 1 June 2024

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The federal government on Friday reduced the petrol price by Rs4.74, taking the new rate to Rs268.36 per litre and The price of high-speed diesel (HSD) has also been slashed by Rs3.86 per litre to Rs270.22. According to the notification, the petrol price has been reduced by Rs. 15.40 per litre, while the price of high-speed diesel (HSD) has been slashed by Rs. 7.90 per litre. This brings the new price of petrol to Rs. 257.70 per litre, while high-speed diesel (HSD) will now cost Rs. 266.18 per litre. Petrol Prices…

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172 public sector buildings will be provided with 47MW electricity through solarization in three different phases, Minister Energy Nasir Shah

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KARACHI (May 31): Sindh Energy Minister Syed Nasir Hussain Shah has said that 172 public sector buildings will initially be provided with 47 MW of electricity through solarization in three different phases. He expressed these views today at the Energy Department during a meeting with a delegation of the World Bank’s technical mission. The World Bank mission was led by Senior Energy Specialist/Task Team Leader Dmytro Glazkov while Project Director Sindh Solar Energy Mahfooz Qazi and others were also present on the occasion. Minister Energy gave more details and said…

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FPCCI urges govt to take full advantage of 12 wind power plants to ensure uninterrupted electricity at cheapest rates

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fpcci-afghanistan

Karachi The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has called upon the government to immediately take full advantage of 12 operational clean energy projects in the Jhimpir-Gharo wind corridor in Sindh so that end-consumers of electricity get uninterrupted power supply at the cheapest rates in peak summer.In a statement issued to the media, FPCCI President Atif Ikram Sheikh said that maximising electricity output from these 12 wind power plants, capable of producing electricity at a cheaper rate of just Rs 14.5 per unit, would also encourage more…

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Aramco completes acquisition of 40% stake in Gas & Oil Pakistan

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aramco

• Investment signals further progress in Aramco’s global retail expansion• Strategic partnership aims to unlock new opportunities for value creation and growth DHAHRAN|MAY 31, 2024 Aramco, one of the world’s leading integrated energy and chemicals companies, has made further progress in its global retail expansion by completing the acquisition of a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”).GO is a diversified downstream fuels, lubricants and retail store operator in Pakistan with a network of more than 1,200 retail fuel stations. The acquisition, first announced in December 2023,…

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