Category: Shortcode

KE plans ambitious 640MW renewable energy initiative

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Renewable-Energy

Aims to diversify Karachi’s energy mix, drive down costs and reduce environmental impact ISLAMABAD: K-Electric (KE), the primary electricity provider for Karachi, is advancing a strategic renewable energy plan that could reshape the city’s power landscape. The company has taken significant steps towards adding 640MW of renewable capacity to the local grid. KE’s revised Requests for Proposals (RFPs) submitted include four renewable energy projects, all in line with open competitive bidding regulations established by the National Electric Power Regulatory Authority (NEPRA). These projects aim to diversify the city’s energy mix…

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Theft control, renewables key to low tariffs

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power-tariff

LAHORE: Speakers at a consultative session were unanimous that controlling theft, appointing professionals in Discos, increasing power generation from indigenous and renewable resources, and separating financial recoveries like taxes and fee from electricity bills are crucial to reduce the rising power tariffs for consumers. They were also of the view that there is a need to reduce the cost of power production in order to lower tariffs and eliminate the uniform tariff policy across the board, making distribution companies more efficient and responsible for managing losses in their respective territories.…

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Three key water projects face funding shortfall

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e4209a3f-35b0-4fbf-bb03-19084096b4d3

ISLAMABAD: Three key water sector development projects under the Prime Minister’s National Agriculture Emergency Programme and designed to increase crop yields leading to gaining self-sufficiency in food suffer a major setback as funding for these projects has been delayed. The national food security and research ministry — which sponsored these projects costing Rs194 billion and launched in 2019-2020 and due to be completed in 2024 — is now seeking a two-year extension for their completion in anticipation of approval of funds. The water-related projects include the second phase of ‘National…

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Gas tariff hikes disastrous for industry, warn business leaders

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Oil-and-Gas

KARACHI: Massive gas tariff hike in addition to rising power rates would cause a steep rise in production cost resulting in the closure of small- and medium-sized units, making exports uncompetitive and rendering thousands of employees jobless. Just a day ahead of the Federal Cabinet meeting last Monday, Caretaker Minister for Energy, Power and Petroleum Muhammad Ali had assured the members of the Karachi Chamber of Commerce and Industry (KCCI) of trying his level best in the cabinet’s meeting to bring down the gas tariffs which were being raised to stop circular debt from…

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Hydel projects at LoI stage: SIFC directs PD to streamline issues, policy limits

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Karot-Hydropower

ISLAMABAD: The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has directed the Power Division that all hydel projects at the LoI stage from various provinces including Kalam Asrit 238 MW, Asrit Kedam 229 MW and 470 MW Lower Spatgah, be reviewed to streamline their issues and policy parameters in the working group. Well-informed sources told Business Recorder South Korean companies have approached SIFC Secretariat and shared their concerns regarding delay in different approvals, which came under discussion at EC of the SIFC on October 23, 2023. M/s…

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