Two major Hubco-backed Thar coal power projects now online
The power plants will likely yield significant cash flows for the company, but may put additional pressure on the already oversupplied electricity grid
Cynergico swings to losses, presses ahead with refinery investment
The vertically integrated oil and gas company is breaking up into constituent components
Shell’s exit helps boost reported profits at Wafi Energy
The former Shell subsidiary is now Saudi owned, continues to invest in growth, despite secular headwinds facing oil as a fuel for vehicular energy needs
Slowly, PSO’s cash flow position is improving
The company has been able to pay down its dollar-denominated debt, and expects a decline in receivables following government efforts to resolve circular debt
NEPRA trims K-Electric’s tariffs on lower cost assessments
The publicly listed utility is expected to take a hit to even historical earnings as the regulator assess its cost structure to have been lower than previously expected
Is it time to retire Pakistan’s idle coal giants?
A bold financial blueprint could transform Pakistan's coal power plans into renewable energy assets, while protecting Chinese investors
KE’s power struggle comes to an end with Saudis on top and SIFC backing
After months of legal wrangling, the government has brokered a truce in K-Electric’s ownership saga, with Sheheryar Chishty ceding control to Saudi investors, ending one of Pakistan’s most convoluted corporate standoffs
One more round of circular debt restructuring and why it still won’t fix the problem
The new instrument is an innovative structure to help ensure that the problem at least creates partial self-correcting mechanisms, but the government is still punting on the reforms needed for a permanent fix
Declining production hits PPL’s bottom line
Net income fell 19% due to a combination of falling production and falling prices
Shanghai Electric finally pulled the plug on K-Electric. What comes next?
The withdrawal of Shanghai Electric has been a foregone conclusion for at least two years now, but it still marks a dark moment in Pakistan’s business history
Electricity generation finally stabilizing after two years of declines
Government policy may finally be encouraging more use of grid electricity by industrial users
JS to consolidate energy investment vehicles
Move could signal a commitment to consolidate disparate energy initiatives under one roof
Attock Refinery: cash-rich, policy-ready and poised for a once-in-a-generation upgrade
The fortress balance sheet gives the company a distinct advantage in pursuing the kind of capital expenditures that have eluded some of its competitors
Power sector circular debt has reached its Rubicon
A nervous hush has fallen over policy circles as Pakistan's circular debt resolution approaches its defining moment
Mari profits rise on the back of increased production
New fields, and stable prices, have allowed the company to generate higher revenue and cash flow