Category: Shortcode

Karachi’s Power Struggle: Will NEPRA Shield Honest Consumers from K-Electric’s Rs 84 Billion Burden?

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NEPRA-KE

Karachi’s electricity consumers are anxiously awaiting NEPRA’s decision on K-Electric’s staggering Rs 84 billion write-off claim—an amount that senior journalists and analysts warn must not be passed onto the city’s responsible, bill-paying citizens. In the latest episode of their joint podcast, seasoned media professionals Sohail Iqbal Bhatti and Syed Khalid Mustafa strongly opposed any move to transfer this financial burden to honest consumers. They argued that penalizing those who consistently pay their bills would be grossly unjust. Mr. Bhatti revealed that K-Electric’s original write-off claim of Rs 76 billion ballooned…

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2nd EV Conference in Lahore Urges Unified Push for Pakistan’s Electric Mobility Revolution

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NEPRA-EV

LAHORE: The 2nd Electric Vehicles (EV) Conference, held in Lahore on Saturday, brought together industry leaders, policymakers, financiers, and climate advocates to accelerate Pakistan’s EV transition, spotlighting both opportunities and persistent challenges. Organized by the Climate Action Centre (CAC) and Pak EVO, with support from the Bank of Punjab (BOP), the event underscored the urgent need for collaboration between public and private sectors to drive EV adoption and localization. Umer Khan, Head of Investment Banking at BOP, emphasized in his keynote that tangible government incentives, such as subsidies and tax…

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OGRA’s Delay on SSGC Revenue Decision Sparks Controversy Amid Share Price Surge

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Sui-Southern-Gas-Company

ISLAMABAD: A delayed ruling by the Oil and Gas Regulatory Authority (OGRA) on Sui Southern Gas Company’s (SSGC) revenue requirement for FY 2022-23 has ignited major controversy, coinciding with a staggering 600% jump in SSGC’s share price — raising allegations of regulatory favoritism. OGRA approved the Final Revenue Requirement (FRR) for SSGC on October 1, 2024 — nearly a year late. The delay has drawn scrutiny, especially as SSGC’s share price surged from Rs8 on October 21, 2024, to Rs42 by January 1, 2025, without any significant corporate developments. The…

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Chinese Firm Seeks Formal Extension of LoS for $2.5 Billion Kohala Hydropower Project

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Hydropower

ISLAMABAD: M/s Kohala Hydropower Company Limited (KHCL), a Chinese firm, has formally requested the government to issue a notification extending the Letter of Support (LoS) for its $2.5 billion, 1,124 MW run-of-the-river Kohala Hydropower Project until September 30, 2027, sources told Business Recorder. The Kohala project, a priority initiative under the China-Pakistan Economic Corridor (CPEC), initially received LoS from the Private Power and Infrastructure Board (PPIB) on December 31, 2015, with extensions granted thereafter, the latest approved during PPIB’s 144th Board meeting. In a letter to the Power Division, KHCL…

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Biogas Key to Pakistan’s Clean Energy Future: Haroon Akhtar

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New-Project3

LAHORE: Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan on Saturday visited the site of Suzuki Company Limited’s proposed biogas plant at Manga Mandi, Lahore. He was warmly welcomed by Hiroshi Kawamura, Managing Director of Suzuki Pakistan. According to an official statement, Khan praised Suzuki’s initiative to develop a biogas facility for vehicles, calling it a crucial step towards Pakistan’s clean energy future. He stressed that biogas holds immense potential to reduce the country’s reliance on expensive oil and LNG imports. Highlighting the prime minister’s Uraan Vision for…

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