Category: Shortcode

The company has filed an investment plan FY 2024-2030 for transmission and distribution segments with the National Electric Power Regulatory Authority (NEPRA), with an aim to further improve network reliability. The plan should enhance the KE’s aim of smooth and reliable supply of power, while accelerating Karachi’s development, progress, and sustainability, the statement said. The new plan envisaging Rs484 billion investment in the transmission and distribution system is set to cater the projected growth in power demand, loss reduction initiatives, targeted and technology driven investments in the network for improved…

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Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming years, its energy minister told Reuters on Monday, as it seeks to ease a crippling foreign-exchange crisis. A shortage of natural gas, which accounts for over a third of the country’s power output, plunged large areas into hours of darkness last year. A surge in global prices of liquefied natural gas (LNG) after Russia’s invasion of Ukraine and an onerous economic crisis had made LNG unaffordable for…

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Haining city has a number of advanced photovoltaic energy storage and other new energy enterprises, looking forward to strengthening technical exchanges and cooperation with Pakistani and other Belt and Road Initiative countries in the field of commerce and new energy. These views were expressed by Jin Hongxian, Deputy Director of Economic Development Office of Zhouwangmiao, Haining City, Zhejiang province, China in a recent business matchmaking between Haining and Pakistani technology companies. With a GDP of RMB 119.63 billion in 2021, Haining has forged a new energy emerging manufacturing cluster with…

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Oil may resume its rally in 2023 as Chinese demand recovers after Covid curbs were scrapped and lack of investment limits growth in supply, Opec country officials told Reuters, with a growing number seeing a possible return to $100 a barrel. In 2022, oil soared above $100 for the first time since 2014 as demand recovered from Covid-19 lockdowns in much of the world and Russia’s invasion of Ukraine added to supply concerns. But Brent crude ended the year close to $86 on fears of global recession. A move back…

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Power Distribution Companies (Discos) have sought an increase of up to Paisa 70 per unit in their tariffs to recover Rs 17.198 billion from their consumers for the second quarter (Oct-December) of fiscal year 2022-23 under Quarterly Tariff Adjustment (QTA) mechanism. National Electric Power Regulatory Authority (Nepra) is scheduled to hold a public hearing on the QTA adjustments of Discos on February 22, 2023 where Chief Financial Officers (CFOs) of Discos will justify their claims. Sometime Discos revise their QTA claims at the eleventh hour which changes the cumulative impact…

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