ISLAMABAD: China has reportedly sought replacement of M/s China Communication Construction Company Limited (CCCC) with China Communications Construction Group (CCCG) to set up a 300-MW power project at Gwadar as the former is said to be reluctant to invest in “risky” Balochistan, well informed sources in PPIB told Business Recorder. Pakistan and China in order […]

LAHORE: The Lahore Chamber of Commerce and Industry has feared that soaring circular debt would bring in more economic challenges for the country, therefore it should be controlled through disciplinary measures. LCCI President Malik Tahir Javaid said that rising circular debt is the biggest threat to the power sector and can become a major hurdle […]

ISLAMABAD: The Central Power Purchasing Agency- Guaranteed (CPPA-G) has sought 63 paisa per unit increase in tariffs of power Distribution Companies (Discos) for July 2018 under monthly fuel price adjustment mechanism. The National Electric Power Regulatory Authority (Nepra) is scheduled to hear tariff petition of CPPA-G on July 29, 2018, to be presided by Nepra […]

KARACHI: Sahiwal Coal-Fired Power Plant has created 8,500 direct jobs in construction and operational phases and poised to generate more jobs, a case study of the project revealed. The Planning Commission of Pakistan’s case study on the completion of the project noted that total direct jobs created under the ‘constructional phase’ of this project were […]

ISLAMABAD: Pakistan State Oil (PSO) has sought Rs 65 billion from Power Division to release its choked credit line and ensure furnace oil supplies to the power sector, well-informed sources told Business Recorder. This demand was made by PSO at a recent meeting with the officials of Ministry of Energy (Power Division). PSO, sources said, […]

KARACHI: Several areas of Karachi plunged into darkness on Friday night after a major power breakdown. Areas affected included Defence Housing Authority (DHA), Clifton, Saddar, Lyari, Gulshan-e-Iqbal, Gulistan-e-Johar, Nazimabad, North Karachi, Malir, Landhi and Korangi among others. Liaquatabad, Kharadar, Kiamari, Mehmoodabad, Baloch Colony, PECHS, Jamshed Road and Lines Area, as well as, Governor House and […]

ISLAMABAD: The power division on Friday reported that the circular debt at the end of June 2018 stood at Rs1.148 trillion, including Rs583 billion parked in a holding company and that all of it is being serviced through consumer tariffs. Testifying before a special Senate committee presided over by PTI Senator Shibli Faraz, joint secretary […]

ISLAMABAD: The power sector’s receivables rose by 23 percent to Rs 896.36 billion from Rs 729.88 billion during 2017-18, a key reason for the continuous hike in circular debt and borrowing from commercial banks by slapping surcharges on consumers, well informed sources told Business Recorder. The main contribution in receivables was liabilities of private sector […]

ISLAMABAD: The two Karachi-based power and gas utilities – K-Electric and Sui Southern Gas Company Ltd – have been unable to settle their differences over gas supply for power generation despite the federal government’s facilitating intervention about five months ago. The utilities blamed each other for the failure on Thursday at a public hearing presided […]

ISLAMABAD: The JS Group has acquired 48% shares in Habibullah Coastal Power Company (HCPC), an independent power producer which has recently won a case in international court against Sui Southern Gas Company (SSGC) for the latter’s failure to ensure gas supply. A senior government official told The Express Tribune that the JS Group would also […]

LAHORE: Rapid depletion in the storage capacity of the Hub dam has forced the Water and Power Development Authority (Wapda) to consider enhancing its capacity to meet the increasing demand of water in Sindh and Balochistan. The authority also plans to construct a power house to generate up to 4MW electricity through water releases from […]

ISLAMABAD: The incoming government will be facing a daunting task as it will have to make capacity payments worth billions of rupees to power producers following construction of new plants, which will place an additional burden on electricity consumers. The energy sector is a big drain on the budget and external account. It puts strain […]