Business Recorder/20-08-2020 ISLAMABAD: IPP issue has been dangling for a long time now. Negotiations were going on for the last few months after the famous IPP Report, which laid bare facts and background, underscoring need for correcting the high electricity tariff issue. A few days ago, a MoU was signed between government committee and a […]

Business Recorder/27-08-2020 ISLAMABAD: The Power Division’s ‘Dubai Group’ is said to have given a detailed presentation to the Cabinet Committee on Energy (CCoE) on power sector reforms and update on different decisions taken previously, well-informed sources told Business Recorder. The ‘Dubai Group’ includes a former employee of Abraaj Group in KE; sources on condition of […]

The News/12-08-2020 KARACHI: The Supreme Court ordered the KE to end power load shedding in the city, observing that load shedding of a single minute will not be tolerated and the power utility will have to face the consequences. The court directed the chief executive officer of power utility to submit a timeline as to […]

Dawn News/11-08-2020 LAHORE: The 969MW Neelum-Jhelum Hydropower Plant achieved a landmark as its contribution to the national grid crossed the 10 billion units generation mark on Sunday night, thereby yielding revenue of over Rs120bn. A spokesman of the Water and Power Development Authority said on Monday that the power plant, with efficient operation, had not […]

Business Recorder/27-08-2020  ISLAMABAD: The ambassador of Egypt to Pakistan called on Special Assistant to Prime Minister on Petroleum Nadeem Babar at the Ministry of Petroleum. The ambassador was leading a delegation of an Egyptian Energy Company TAQA with focus to explore the business opportunities in energy sector in Pakistan. The SAPM gave an overview of […]

Business Recorder/24-08-2020 ISLAMABAD: Power Division has decided to appoint the ‘officially dissolved’ Pakistan Electric Power Company (Pepco) as managing agent after 17 years to take control of power Distribution Companies (Discos), official sources told. This has been disclosed in a letter written by the Power Division to Chief Executive Officers (CEOs) of Discos. “Power Division […]

Business Recorder/18-08-2020   ISLAMABAD: A three-member bench of the Supreme Court (SC) has delivered a majority judgement, with one member dissenting, in the long running Gas Infrastructure Development Cess (GIDC) conundrum. It allows the government to collect the Rs 405 billion unpaid balance of the Rs 700 billion accrued between 2011 and 2015 from industry, […]

Business Recorder/17-08-2020 ISLAMABAD: Minister for Power Omar Ayub Monday said an agreement signed with the Independent Power Producers would lead to reducing the cost of power generation. While addressing a news conference along with Special Assistant on Power Shahzad Qasim, the minister said that the government was focused on reducing electricity prices, while improving electricity […]

The Express Tribune/25-08-2020   LAHORE: The government is committed to providing all basic necessities to the masses and the Ghazi Grid Station will bring further relief to the consumers of Lahore in the form of improved voltage profile, said Federal Minister for Education and Professional Training Shafqat Mahmood. At the inaugural ceremony of 220-kilovolt GIS […]

The Express Tribune/28-08-2020 LAHORE: Electricity generation by the hydel power stations owned and operated by Pakistan Water and Power Development Authority (Wapda) surpassed 8,500 megawatts for the first time in Pakistan as Wapda provided 8,757MW to the national grid during peak hours. Previously, the record of hydel power generation was 8,474MW, which was delivered to […]

Business Recorder/03-07-2020 ISLAMABAD: Prime Minister Imran Khan has given the charge of Power Division to his Special Assistant on Coordination of Marketing & Development of Mineral Resources, Shahzad Syed Qasim. He will hold the status of Minister of State. Shahzad Qasim, who is well regarded in the power sector, had also been made the head […]

Dawn/07-07-2020 ISLAMABAD: Prime Minister Imran Khan has said that China-Pakistan Economic Corridor (CPEC) will be a ‘game changer’ for the motherland, bringing unprecedented prosperity and progress to the country. “It (CPEC) is a project that will take Pakistan to new heights [of prosperity],” the prime minister said after witnessing the signing of agreement with China […]