Category: Shortcode

Sindh govt decides to lay railway track for transportation of Thar coal

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coal-railway

KARACHI: The provincial government on Tuesday decided to lay railway track from Thar coalfields to main railway line for supplying coal to other power plants and factories. The decision to this effect was taken at the 25th meeting of the Thar Coal Energy Board (TCEB) held under the chairmanship of Chief Minister Syed Murad Ali Shah. The meeting was held at the CM House and attended by Federal Planning Minister Ahsan Iqbal (through video link), Energy Minister Imtiaz Sheikh, Minister of Mines & Mineral Shabbir Bijarani, Minister Education Sardar Shah,…

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Hike of up to Rs7.5/unit in base tariff notified after Nepra decision

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Nepra-tariff

ISLAMABAD: The federal government Tuesday night notified an increase in the base tariff by Rs3-7.50 per unit of electricity for the FY2023-24. The National Electric Power Regulatory Authority (Nepra) uploaded the much-awaited decision on an increase in the base tariff after hearing a motion submitted by the government seeking an average uniform tariff for every category of consumers across the country, including the K-Electric consumers. The power regulator held the hearing on Monday. The increase has been notified under the $3 billion SBA IMF loan programme. The government, after extending…

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Who really owns K-Electric?

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Power-voices

LONDON: In recent times, the complex ownership structure of K-Electric (KE) — a pivotal cornerstone of Pakistan’s national security infrastructure — has become a subject of intense scrutiny in relation to the ongoing proceedings at the Cayman Island Court for the full control of the company. The ownership structure has come under discussion after it was reported that the majority shareholding of K-Electric has been taken over by Sage Venture Group Ltd, a British Virgin Islands-registered special purpose company wholly owned by AsiaPak Investments Ltd, a venture of businessman cum…

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Pakistan’s $8bn green shift

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China-bank

KARACHI: Pakistan’s energy sector could save more than $8 billion over the next decade by adopting more efficient and cleaner power generation strategies, a study released on Tuesday said. The study, conducted by the Policy Research Institute for Equitable Development (PRIED) and the Renewables First, a consultancy firm, analysed the government’s Indicative Generation Capacity Expansion Plan (IGCEP) 2022-31 and proposed alternative scenarios based on renewable energy sources. It found that Pakistan could increase the share of wind and solar power in its energy mix to 47 percent by 2031, compared…

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MG Motors shifts gears to alternative energy vehicles

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energy-vehicles

KARACHI: As the auto industry shifts towards greener technologies across the world, MG Motors Pakistan has also stepped up efforts to get in the same lane with plans to introduce hybrid, plug-in hybrid and fully electric vehicles. The company has already tasted success with its MG HS sports utility vehicle, both the imported and locally assembled petrol versions, selling a total of 15,000 units in the last two and a half years. For now, the company is looking to launch two new MG HS variants — Excite and 2.0 AWD…

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