KAPCO signs tri-partite power purchase agreement, awaits operational activation
Regulator-mandated tests to determine when agreement becomes operational
Mari Energies begins production from Shewa discovery in Waziristan Block
Company starts gas and condensate production at 26 MMSCFD and 244 BBLs/D from Shewa
Govt considers cutting buyback rates from Rs 21 to Rs 11/unit for net metering
Solar systems should primarily serve personal consumption, and excess power rates should reflect the affordability of the distribution companies, argues Power Division
Delay in property transfer may jeopardize DISCOs’ privatization process
Delay in property title transfers for IESCO, FESCO, and GEPCO raises concerns as Energy Ministry urges provinces to act swiftly ahead of DISCOs' privatization drive
A 5% rise in petrol consumption indicates stability in consumer spending
The rise in diesel consumption may indicate an increase in commercial transportation and agricultural production
Pakistan to brief IMF on circular debt, carbon levy, and power sector reforms
Government outlines plans for tariff hikes, subsidy changes, and circular debt reduction as part of its commitments to the IMF
Central Power Purchasing Agency nears to sign deal with 18 banks for Rs1.275trn loan to reduce circular debt
Agreement expected by weekend, loan will provide fresh funding of Rs617 billion at 10.50% to 11% mark-up, repayments to be funded through Rs 3.23 per unit Debt Service Surcharge
Rs1.27 per unit power tariff hike likely under April FCA
CPPA-G says power generation in April remained heavily reliant on costly imported fuels
Kuwait’s petroleum exploration firm begins withdrawal from Pakistan
KUFPEC sells its assets worth $60 million in several blocks to Pakistan Exploration Limited (PEL) to reinvest in other countries
A brief history: The rot in our DISCOs
Something is seriously wrong with how power distribution works in this country and the DISCOs are at the heart of it
Ministry of Energy appoints independent directors to Discos’ boards
ISLAMABAD: After taking necessary approval of the federal government, the Ministry of Energy has issued notifications regarding the appointment of independent directors...
Mari Energies enters joint venture for mineral exploration in Balochistan
Joint Venture Agreement signed with IRH Mining RSC Ltd, Balochistan Mineral Resources Limited and the Government of Balochistan to acquire a 25% interest in two Mineral Exploration Licenses in Chagai
NEPRA issues show cause notice to K-Electric over prolonged, unannounced load shedding
KE accused of carrying out load shedding at feeder level, in defiance of regulatory instructions
Hascol narrows annual loss by 37% despite dip in sales
Improved exchange gains and non-core income help petroleum firm cushion bottom line
Pakistan industries pay almost twice the power costs of China, India, and US: report
High electricity costs are putting Pakistan’s export competitiveness at a disadvantage