Dawn News/04-03-2020 ISLAMABAD: The Pakistan Electric Power Company (Pepco) — a defunct holding company of the Power Division — has reported total payables by sector power companies at Rs1.882 trillion as of Jan 31. In a report submitted to a Special Committee of the Senate, Pepco reported total receivables of the power sector at Rs1.178tr. […]

Business Recorder/27-02-2020 ISLAMABAD: In order to induct 956MW power from wind power projects to the system, the National Transmission and Despatch Company Ltd (NTDC) has secured Rs 6400 million loan from consortium of banks (Habib Bank Limited, National Bank of Pakistan & Bank Islami Pakistan Limited). The financing facility will be utilized for the construction […]

Business Recorder/27-02-2020 ISLAMABAD: The government has agreed to withdraw notification of surcharges and taxes on export-oriented industry from January 2019 to June 2020. Now the govt will charge only 7.5 cents per unit tariff to the export-oriented industry. However, an official said that a delegation of APTMA and zero-rated Industries held negotiations with a government […]

Dawn News/24-02-2020 ISLAMABAD: Amid delays in K-Electric takeover by the Shanghai Electric Limited (SEL) of China, the government has decided in principle to facilitate the Karachi-based power utility to increase its own generation capacity by 1,600MW and enhance supply from the national grid to 1,400MW on an urgent basis. For this to deliver, the government […]

Dawn News/21-02-2020 ISLAMABAD: The federal cabinet decided to keep gas and electricity prices unchanged for the next four months [till the announcement of next fiscal budget] and tasked the ministries concerned with reducing taxes on utility bills to provide some relief to the inflation-hit people. Dr. Awan agreed that in the last cabinet meeting some […]

Syed Irfan Raza/Dawn News/18-02-2020 ISLAMABAD: Prime Minister Imran Khan on Mon-day directed the autho-rities concerned to find “out of the box solution” to bring down electricity and gas tariffs to provide some relief to domestic consumers and reduce inflation in the country. The prime minister issued the directive while presiding over a high-level meeting on […]

Business Recorder/12-02-2020 KARACHI: Thar Energy Limited (TEL), a subsidiary of Pakistan’s largestIndependent Power Producer, the Hub Power Company Limited (Hubco) has reached its financial close. Hubco in collaboration with Fauji Fertilizer Company Limited (FFC) established Thar Energy Limited (TEL), to set up a 330MW mine-mouth lignite-fired power Plant, one of the first power projects to […]

he Nation/12-02-2020 ISLAMABAD: Pakistan & France successfully signed a grant financing agreement worth € 0.5 million for technical assistance to the Private Power & Infrastructure Board (PPIB). Dr. Syed Pervaiz Abbas, Secretary Economic Affairs Division (EAD), and Marc BARÉTY, Ambassador of France to Pakistan, along with Philippe Steinmetz, Country Director of the French Agency for […]

The Nation/12-02-2020 ISLAMABAD: The National Power Regulatory Authority (NEPRA) has deferred its hearing on the petition of the Central Power Purchasing Agency (CPPA) for power tariff increase, under fuel price adjustment for the month of November, for ex-Wapda DISCOs as the later has withdrew its petition. During a public hearing by NEPRA on Central Power […]

Pakistan Observer/11-02-2020 ISLAMABAD: A delegation of Global Power Synergy, Thailand called on Federal Minister for Power and Petroleum, Omar Ayub Khan here on Monday. Special Assistant to the Prime Minister on Petroleum, Nadeem Babar was also present during the meeting, said a press statement here. The federal minister appraised the delegation on the current developments […]

Business Recorder/11-02-2020 ISLAMABAD: The Ministry of Privatisation has started due diligence in the process of privatisation of two RLNG-based power plants -Haveli Bahadur Shah and Balloki -with an objective to complete the transaction by the end of the current financialyear. The Ministry of Privatisation has pre-qualified 12 companies for the privatisation of two RLNG-based power […]

Mushtaq Ghumman/Business Recorder/11-02-2020 ISLAMABAD: The continuous buildup of energy sector circular debt has reportedly dismayed the Central Power Purchasing Agency-Guaranteed (CPPA-G) prompting it to contend that it does not have sufficient funds to pay 7th installment of mark-up on Rs 50 billion Syndicated Term Finance Facility (STFF) for Power Holding Private Limited (PHPL), well-informed sources […]