Category: Highlights

NEPRA reserves decision on KE’s PKR247 million fuel cost relief proposal for September

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Power Division

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) held a public hearing on October 31, 2024, to review a petition by K-Electric (KE) for a provisional monthly fuel charge adjustment (FCA) for September 2024. If approved, the requested adjustment would provide an anticipated relief of PKR 247 million, which translates to a reduction of PKR 0.16 per unit for consumers in KE’s service area. Fuel charge adjustments, such as this one, reflect the varying global fuel prices used for electricity generation and changes in the generation mix. These adjustments are…

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Wafi Energy Acquires Majority Stake in Shell Pakistan Limited

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Shell-Pakistan

Karachi, Pakistan – Wafi Energy, a well-established Saudi energy company and affiliate of the Asyad Group, has officially acquired a majority shareholding in Shell Pakistan Limited, the exclusive licensee for Shell products in the country. This strategic acquisition underscores Wafi Energy’s commitment to expanding its footprint in Pakistan’s energy sector while fortifying Shell’s reputable service in the region. The powerful synergy between Shell’s long-standing legacy of innovation and quality and Wafi Energy’s strategic investment marks a new chapter for Shell Pakistan. Customers across the country will continue to enjoy the…

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Murad informs Canadian envoy of Sindh govt initiative for upgrading city infrastructure and controlling pollution.

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New-Project

KARACHI (Oct 31): Sindh Chief Minister Syed Murad Ali Shah, in his meeting with the Canadian High Commissioner Ms Leslie Scanlon, said that his government, through the Karachi transformation project, was improving the infrastructure to make the city liveable and attracting investment. The meeting also included the Director General for South Asia in Ottawa, Canada, Ms. Marie Louise Hannan, and Mr. Daniel Arsenault, the Political, Economic, and Commercial Counsellor at the Canadian Embassy. The Chief Minister was accompanied by his Secretary, Raheem Shaikh. During the meeting, Ms Scanlon remarked that…

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Rs 100M Blunder: NJ Project’s Failed Report Exposed as AI Copy-Paste Job!

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Hydropower

Islamabad: The government has rejected a report analyzing the reasons behind the Neelum-Jhelum Hydropower Project’s tunnel collapse, which allegedly cost Rs 100 million to produce. The reason for the rejection? The findings and recommendations of the report were reportedly available for free on ChatGPT, an AI tool. According to The Express Tribune, the report was presented at a meeting led by Minister for Planning, Ahsan Iqbal. The aim of the report was to identify the causes of the tunnel collapse and pinpoint those responsible for the failure. However, an unexpected…

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CPPA-G to Propose Fuel Charge Reduction for Bagasse-Fired IPPs

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IPPs-Project

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) is set to propose a Rs 1 per unit reduction in fuel charges for bagasse-fired Independent Power Producers (IPPs), following newly finalized agreements with owners of eight IPPs, informed sources disclosed. The proposal will be presented during the Fuel Charges Adjustment (FCA) public hearing for Distribution Companies scheduled for October 30, 2024. According to an insider, “The CPPA-G will suggest a Rs 1 per unit decrease in generation costs from bagasse IPPs, to be applied retrospectively, which would bring the negative FCA adjustment…

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