Category: Highlights

K-Electric Seeks Rs 10.69/unit Hike in Base Tariff for Seven Years

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NEPRA-KE

ISLAMABAD: K-Electric has submitted a petition seeking a 76% increase in its base tariff, raising it by Rs 10.69 per unit to Rs 44.69 per unit under the Multi-Year Tariff (MYT) mechanism for the period from FY 2023-24 to 2029-30. The current base tariff stands at Rs 34 per unit. The proposed adjustment includes the following components: Cost of power EPP component: Rs 18.88 per unitCost of power CPP component: Rs 12.54 per unitTransmission charges: Rs 3.48 per unitDistribution charge: Rs 3.84 per unitOperations & Maintenance (O&M): Rs 0.42 per…

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Federal Government to Enhance Security for Power Installations in KP After CM’s Threats

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power-gride

ISLAMABAD: The federal government has decided to tighten security measures for vital electricity distribution installations in Khyber Pakhtunkhwa (KP), ensuring the safety of Peshawar Electric Supply Company (Pesco) and Tribal Areas Electric Supply Company (Tesco) staff and property. This move follows threats made by the KP chief minister, which have recently gone viral. On May 15, 2024, the Power Division sent a letter to Prime Minister Shehbaz Sharif, reporting that the KP chief minister had summoned the CEO of Pesco and issued threats if load shedding was not ended or…

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OIL AND GAS REGULATORY AUTHORITY

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OGRA-GAS

Islamabad, May 24, 2024: The Oil and Gas Regulatory Authority (OGRA), in accordance with the Policy Guidelines of the Federal Government, has determined the Re- gasified Liquefied Natural Gas (RLNG) prices effective May 01, 2024, as under 2.  The RLNG price Notification for the month of May 2024 is readily available at OGRA website www.ogra.org.pk. 3.   The increase in RLNG prices is mainly due to increase in DES price.

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Saudia Group and Airbus Sign the Largest Aircraft Deal in Saudi Aviation

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Saudia-Group

As Part of a Historic Investment Towards Growth and Advancement KARACHI: Saudi Group announced the largest aircraft deal in Saudi aviation history with Airbus during the first day of the Future Aviation Forum 2024 held at the King Abdulaziz International Conference Center in Riyadh under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud. This landmark agreement encompasses 105 confirmed aircraft and marks a significant moment not only for the Saudi aviation industry but also for the wider MENA region. The ceremony, in…

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WAPDA discusses financing opportunities with ADB for its projects

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WAPDA-MoUs

May 23, 2024: A delegation of Asian Development Bank (ADB) Alternate Executive Directors visited WAPDA House the other day and discussed financing opportunities in WAPDA projects. The meeting was attended by Chiarman WAPDA Engr Lt Gen Sajjad Ghani (Retd), Member (Finance), GM (Projects) South and PDs of various WAPDA projects.  GM (C&M) Water, GM Finance (Water/Power), Advisor (Hydro Resource Management) WAPDA and Advisor (Hydro Planning) WAPDA were also present in the meeting. The delegation was briefed that Pakistan possesses about 70,000 MW identified potential of hydropower generation. WAPDA owns and…

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