Karachi has faced the worst load shedding in history. People do not sleep well at night, but there is even a long shutdown during the day. Despite this, NEPRA has approved increasing the electricity price by Rs. 9.42 paise. NEPRA was set up to protect the rights of consumers, but now this authority is working entirely in the interest of the power companies; an example is the decision to be made without hearing from the consumers.… Continue
TPL Trakker Limited has recently partnered with Sui Northern Gas Pipelines Limited (SNGPL) for fleet management solutions. SNGPL is the largest integrated gas company that serves over 7.22 million consumers in Pakistan through and extensive network in Punjab, Khyber-Pakhtunkhwa and Azad Jammu & Kashmir.… Continue
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance and Former Provincial Minister Mian Zahid Hussain on Monday said a serious LNG crisis is engulfing the country, which can be tackled through controlling wastage and rationing.… Continue
A delegation of K-Electric’s majority shareholders representing Saudi Arabia’s Aljomaih Holding Company, Kuwait’s National Industries Group (NIG) and Infrastructure Growth and Capital Fund (IGCF) called upon the Honorable Prime Minister of Pakistan Mian Shehbaz Sharif on Thursday.
Delegation was led by Sheikh Abdulaziz Aljomaih – Managing Director of Aljomaih Holding Company, one of the strongest conglomerates in Saudi Arabia with interests in diversified industries along with Riyadh Edrees – CEO of NIG.… Continue
As Pakistan has been facing with severe natural gas shortage for the last couple of years, it has started relying heavily on Liquefied Natural Gas (LNG). However, the government needs to explore other energy sources to save the environment and financial spending on the LNG import.… Continue
Karandaaz held a full-day webinar on the challenges and opportunities of renewable energy and energy efficiency in Pakistan. Leading experts and stakeholders in the renewable energy and climate finance space deliberated on the challenges and opportunities in this emerging space. Pakistan’s energy demand in 2021 was 29,435 MWs, whereas the supply after line losses in the same period was 26,083 MWs.… Continue
K-Electric requested the National Electric Power Regulatory Authority (NEPRA) to increase the power tariff by Rs 11.33 per unit on account of fuel charges adjustment (FCA) for the month of May. Per applicable tariff across the country, fuel adjustment is reviewed every month and is applicable on consumer bills for only one particular month.… Continue
Power generation went up by 12.7% YoY to 14,657 GWh (19,700 MW) during May’22, compared to 13,010 GWh (17,486 MW) during May’21. The rise in a generation was owed to higher generation from Wind, Bagasse, FO, Nuclear, HSD, Solar, RLNG and Hydel.… Continue
As per the latest notice disseminated to the stock exchange by Sui Northern Gas Pipelines Limited (SNGP), the company’s Board has approved to lay a 295 KMs gas pipeline to add newly discovered 50-70 MMCFD gas near North Waziristan and Lakki Marwat area to the system.… Continue
Karandaaz Pakistan is strengthening renewable energy sector by helping more businesses find access to capital through green financing schemes. Karandaaz, as part of its Green Investments portfolio, recently entered into a partnership with Reon Energy Limited, a wholly-owned subsidiary of Dawood Lawrencepur Limited.… Continue
K-Electric announced a revision in its load-shed plan to manage the ongoing power shortfall in the city. As per the revised policy, 3 hours of loadshed will be undertaken in low loss areas within KE’s service territory. Talking about the ongoing regime, spokesperson KE further added “This revised plan will provide a relief of 1-2 hours to areas which are already impacted by load-shed.… Continue
K-Electric requested the National Electric Power Regulatory Authority (NEPRA) to increase the power tariff by Rs. 4.86 per unit on account of fuel charges adjustment (FCA) for the month of April.
The major impact on the monthly Fuel cost adjustment of April 2022 is due to an increase in the fuel price increase of Furnace Oil and CPPA-G.… Continue
President Korangi Association of Trade and Industry (KATI) Salman Aslam has expressed concern over the government’s provision of oil and expensive RLNG to power plants for industrial and residential consumers in Karachi. He said that supplying RLNG at PKR 4700 per MMBTU instead of natural gas at the rate of PKR 857 per MMBTU will make electricity unaffordable to all consumers.… Continue
· Power generation went up by 23.7% YoY to 12,960 GWh (18,001 MW) during Apr’22, compared to 10,481 GWh (14,557 MW) during Apr’21.The rise in generation was owed to higher generation from FO, Wind, Nuclear, Bagasse and Solar.
· Major contributors during Apr’22 were RLNG (share: 19%), Hydel (share: 19%), Nuclear (share: 17%), Coal (share: 17%), FO (share: 12%), Gas (share: 10%), Wind (share: 4%), Bagasse (share: 1%) and Solar (share: 1%).… Continue
In another milestone towards securing Karachi’s energy future, KE has awarded the EPC contract for the construction of 500/220 kV KANUPP – K-Electric Interconnection (KKI) Grid to Siemens (Pakistan) Engineering Company Limited.
The signing ceremony between Siemens and K-Electric was held at KE’s Head Office.… Continue
On Monday, Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said that the complete elimination of oil, gas, and electricity subsidies is necessary to save the country.… Continue
· Since 2017, the circular debt for the Power sector has increased threefold to reach PkR2.5tn. Despite the payment of PkR210bn from the Govt. to the IPPs in the current fiscal year, the debt has risen by more than PkR300bn.
· Since the circular debt leads to the GENCOs and IPPs being unable to pay their fuel suppliers, the entire energy chain is severely impacted as well, with circular debt reaching 1.6tn.… Continue
Today, KE denied any news of an unannounced load shed across Karachi city as the country grapples with an unprecedented heatwave. The Pak Met Department recently declared April 2022 to be the hottest month on record in 61 years. Commenting on the impact on the power sector, Director Communications and Spokesperson K-Electric Imran Rana stated, “The current heatwave conditions have caused a significant spike in demand for electricity.… Continue
Director Communications and Spokesperson K-Electric Imran Rana clarified that the current heatwave conditions across the country were driving a surge in electricity demand. He stated, “While K-Electric is undertaking all possible measures to manage the current situation, the company may have to undertake load management in some areas to bridge the gap between demand and supply, for which inconvenience is sincerely regretted.”… Continue
Driven by continued and targeted investments of PKR36.99 Billion across the power value chain, key operational indicators showed positive growth over comparative period. However, despite showing consistent improvement in reduction of transmission and distribution losses of 1.5%, and driving an increase in the units sent out by 2.8%, KE’s net profitability declined by 84% to settle at PKR 1.5 billion in relation to last year’s PKR 9.44 billion.… Continue
Pakistan’ s premier energy marketing company, Pakistan State Oil Co. Ltd. (PSO) continues to dominate the energy market, reporting highest ever nine-month profit after tax of PKR 64.8 billion (9MFY21: PKR 18.2 billion), demonstrating the company’s agility and strength across its diverse portfolio.… Continue
The Hub Power Company Limited (HUBC) announced its 3QFY22 financial result today, where the company posted a profit after tax (PAT) of PKR 9,241mn (EPS: PKR 7.12), up by 8% YoY compared to PKR 8,576mn (EPS: PKR 6.61) during 3QFY21. This takes 9MFY22 earnings to PKR 21,453mn (EPS: PKR 16.54) compared to PKR 24,918mn (EPS: PKR 19.21), down by 14% YoY.… Continue
The Hub Power Company Limited (HUBC) is scheduled to announce its 3QFY22 financial result on Apr 28th 2022. We forecast the company to post a consolidated profit after tax for 3QFY22 of PKR 9,940mn (EPS: PKR 7.66) compared to a profit after tax of PKR 8,576mn (EPS: PKR 6.61) during 3QFY21.… Continue
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said the prices of imported oil and gas had become a threat to the country’s economy.
The increasing price of imported fuel has led to a huge increase in the import bill, and as a result, the balance of payments is deteriorating drastically, he said.… Continue
The United States government, through the United States Agency for International Development (USAID), is partnering with the Pakistani government to launch a $23.5 million, four-year power sector improvement project to address climate change and increase the share of green energy in Pakistan’s energy mix.… Continue