Category: Uncategorized

Discos seek Rs4.66/unit hike for November

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free-power

ISLAMABAD: Despite a record 83 per cent power generation from che­aper domestic fuels, the Central Pow­er Purchasing Agency (CPPA) on Tuesday sought a massive Rs4.66 per unit additional fuel cost adjustment (FCA) for ex-Wapda distribution com­panies (Discos) — almost 100pc higher than target — to generate ano­ther Rs34 billion in January 2024. This increase in FCA is on top of about 26pc increase in annual base tariff and another 18pc hike under the quarterly tariff adjustment currently in place. As a result, the consumers would be unable to contain their…

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Nepra seeks urgent fees, more penalties on consumers

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KE’S- 7-YEAR- INVESTMENT-ROADMAP

ISLAMABAD: The revised con­s­umer service manual unveiled by the power regulator Nepra introduces additional charges and stringent measures for electricity consumers, including a 14 per cent interest rate on bill instalments and an ‘urgent fee’ for priority connections. The proposed regulations — set to be discussed at a public hearing on Dec 19 before implementation — have been announced despite a surplus in capacity and declining consumption. The new consumer manual also seeks restrictions and penalties on multiple connections at one premises and higher penalties on detection bills that are…

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Getting NSC a must for transfer of KE shares

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k-electric

ISLAMABAD: The Ministry of Law and Justice has held that National Security Certificate (NSC) is obligatory for transfer of shares of K-Electric, which is not just a business entity but a strategic asset of the country and any alteration in its shareholding structure should be subject to a rigorous evaluation process. Ministry of Law and Justice has given its clear observations on letters written by the Ministry of Privatisation titled “first meeting of Ministerial Committee on K-Electric issues”. In its letter, Law Ministry referred to Ministry of Privatisation’s (Privatisation Division)…

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COP28 summit: Pakistan needs $348bn by 2030 to take climate action

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climate-action

ISLAMABAD: Pakistan will strive for operationalisation of $100 billion loss and damage fund and equal funding for the climate change mitigation as well as adaptation at COP28 summit going to held in Dubai from Thursday. Being the worst affected country due to climate change, Pakistan needs around $348 billion by 2030 to take climate action, both to mitigate and adapt to the unavoidable damages while the country requires $120 billion alone for the adaptation to the climate change in next seven years, Syed Asif Hyder Shah, secretary, Ministry of Climate…

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Honda unveils its first electric motorcycle

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Electric-Vehicles

Marks 60 years in Pakistan, signalling new era in country’s automotive industry KARACHI: Chief Officer of Motorcycle and Power Products at Atlas Honda, Noriaki Abe, unveiled Honda’s inaugural electric vehicle (EV) motorcycle, the Honda BENLY-e, as part of the celebration of Atlas Honda’s 60th year of operations in Pakistan. The unveiling took place during a ceremony at Atlas Honda’s Sheikhupura factory and was attended by Shinji Aoyama, Executive Vice President and COO of Honda Motor Company, and Toshio Kuwahara, President and CEO of Asian Honda Motor Company, according to a…

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