Category: Shortcode

Move to settle Al-Jomaih-KES dispute: Ministerial body to meet on 16th

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k-electric

ISLAMABAD: The Power Division has convened a meeting of three-member ministerial committee on October 16, 2023 to find an amicable way out in the dispute between Al-Jomaih and KES Power on shares of K-Electric, well-informed sources told Business Recorder. A ministerial committee, composed of Minister for Energy (chair), Minister for Privatisation, and Minister for Law & Justice, will meet to assess any specific interest of GoP in the matter of K-Electric regarding shares dispute and suggest a viable future course of action, the sources added. The committee would also evaluate the…

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Petroleum Div proposes upto 172pc raise in gas rates for domestic use

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ISLAMABAD   –  Petroleum Division has proposed a hike of 3900 percent in fixed monthly gas charges for the poorest protected consumers and up to 193.33 percent in gas tariff for various categories of consumers effective from October 1, while an increase of. The Petroleum Division has proposed a hike from 29 percent to 172 percent domestic gas consumers, up to 193.33 percent for industries and a hike of 143 percent has been proposed for CNG sector, official documents available with The Nation reveals. For non-protected gas consumers using from 0.25hm3…

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PRL achieves historic production levels

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PRL-eyes

KARACHI: Pakistan Refinery Limited (PRL) has achieved historic production levels in September 2023, marking a significant milestone. The successful strategic shifts and efficient operations led to the highest ever sales and production in a month, bolstering profitability, material information sent to Pakistan Stock Exchange on Wednesday said. PRL achieved an unprecedented average feed rate of 5340 tons, demonstrating operational excellence and efficiency. The production of middle distillate soared over 77,000 tons, with diesel accounting for 73,423 tons, an all-time high in the refinery’s history. Diesel sales reached an astounding figure…

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KE submits three-tier IGP to govt

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k-electric

ISLAMABAD: K-Electric (KE) has submitted a three-tier Indicative Generation Plan (IGP) to the federal government, in the hope of facilitation from Islamabad for the smooth execution of the entire process. KE Chief Executive Officer Syed Moonis Abdullah Alvi has shared outlines of IGP with the federal government and all relevant entities of Power Division including Private Power and Infrastructure Board (PPIB). On September 03, 2023, KE submitted its IGP in response to letter of Power Finance (Power Division) of August 30, 2023, whereby KE was directed to provide its plans…

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Power theft: Sindh’s best performing districts on a par with Punjab’s worst performers

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power-sector

ISLAMABAD: When it comes to electricity, Sindh’s best performing districts are only comparable with the worst performing districts of Punjab in terms of power theft, data compiled by the Ministry of Energy indicates. The interim government ordered a crackdown against those involved in power theft and defaulters after public protests over hike in monthly bills. The protests are due to an increase in tariff levied at a time when Pakistan is facing a revenue shortfall in billions of rupees. Police were involved in going after the thieves. Majority of districts…

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