Global oil prices climb on supply cuts and hopes of economic revival
Oil prices react to tightening supplies and demand recovery signals
LESCO engages Rangers for crackdown on top defaulters, electricity thieves
Operation to initially target defaulters in Okara Circle; similar actions planned in Kasur, Sheikhupura, and Nankana Circles
Nepra flags Qesco’s inefficiencies, cites Rs36.7bn loss in transmission and distribution
Regulator warns of financial risks, urges immediate action to improve recovery and efficiency
PAEC proposes two-part tariff structure for Chashma-5 nuclear project
Proposed tariff includes Rs19.8268/unit for initial 12 years and Rs9.6320/unit from years 13 to 40, resulting in Rs16.7354/unit average levelised rate
Pakistan, Iran extend power sale agreement for Balochistan border areas with revised pricing
Electricity price set between 7.7 to 11.45 cents per kWh; agreement includes line loss-sharing mechanisms
NEPRA report highlights power sector crisis, urgent reforms essential
Inefficiencies in generation, transmission, and governance cited as key challenges.
OGRA’s gas price hike approval might make a small dent in the gas circular debt
Sui companies expected to be able to reduce their massive piles of receivables and payables, improving liquidity throughout the energy supply chain
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
Topline calls the top on the sharp rise in Mari Petroleum’s stock
Star analyst Sunny Kumar says the market has gotten ahead of all known information, and expects the stock to have a 20% downside from current levels
ADB approves $200mn loan to modernise power distribution infrastructure in PakistanÂ
At least 332,000 advanced metering and data management systems and 15,800 online transformer performance monitors will be installed in LESCO, MEPCO, and SEPCO
K-Electric attracts lowest bids for 150 MW solar projectsÂ
Nepra praises the Karachi-based power utility for its integration of sustainable energy into the power generation mix
Power sector losses exceed Rs660 billion in FY24 as inefficiencies rise
Transmission and distribution leakages alone accounted for an estimated Rs281 billion of the total losses
NEPRA approves transition from LIBOR to SOFR for power producersÂ
New interest rate formulas to impact 59 IPPs, effective from July 1, 2023
Rs1.96/unit uniform tariff adjustment approved for first quarter FY2024-25Â
Quarterly adjustments aimed at recovering Rs1.187 billion from Discos and K-Electric consumers in December bills
Sui Southern Gas Company reports significant profit turnaround
Gross profit rose by 114% YoY for the quarter ending Sep 2023