SSGC disconnects a Record of 4,964 illegal gas connections
Sui Southern Gas Company Ltd. has been pulling out all stops to reduce gas theft incidences. With the availability of gas decreasing every year due to a lack of new…
Sui Northern Gas Pipelines 3QFY24 profitability climbs up by 62% YoY
Sui Northern Gas Pipelines Limited (SNGP) announced the financial result for 9MFY24 today, positing a profit after tax (PAT) of PKR 10,724mn (EPS: PKR 16.91), up 28% YoY. On a…
Pakistan’s power generation increased by 7.2% YoY to 10,262 GWh (13,793 MW) during October ’24
Power generation increased by 7.2% YoY to 10,262 GWh (13,793 MW) during October '24, compared to 9,572 GWh (12,865MW) during SPLY. Moreover, on a Month-on-Month basis, power generation witnessed a…
Flat electricity tariff across industries demanded: FPCCI
Ms. Qurrat Ul Ain, Acting President, FPCCI, has demanded that – while the apex body appreciates the announcement of the winter package – the relief in the electricity tariff announced…
Founder Group secures multiple contracts worth approx US$5.5mn
KUALA LUMPUR, Malaysia, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a pure play, end to end engineering, procurement, construction, and commissioning…
FPCCI, urged the govt to announce a multi-sectoral winter package for trade and industry
Mr. Atif Ikram Sheikh, President of FPCCI, has urged the government to announce a comprehensive, effective, and multi-sectoral winter package for trade and industry to mitigate and overcome challenges in…
HUBC and PSO sign an MoU to set up EV charging network across Pakistan.
Hub Power Holdings Ltd (HUBCO/HPHL) and Pakistan State Oil (PSO) have signed an MoU to jointly establish an electric vehicle (EV) charging network across Pakistan. The partnership aligns with GoP…
Nishat Chunian Power Q1 Profit Up 5.8%
Amid the hue and cry by the public over highly inflated electricity bills, Nishat Chunian Power Limited recorded a 5.8 per cent growth in its net profit despite a plunge…
Dawlance converts its factories to Solar Energy
Dawlance, Pakistan's leading home appliances manufacturer, has embraced solar power in its manufacturing plants in Karachi with an investment of more than 1,100,000 Euros. The launch of the new solar panel installations…
HUBC – 1QFY25E earnings to clock in at PkR14.1/sh: AKD Research
We expect Hub Power Company Ltd (HUBC) to post NPAT of PkR18.3bn (EPS: 14.1/sh) for 1QFY25, up 7%YoY; however, down 10% on a QoQ basis. The incline mentioned above on a…
Kot Addu Power likley to set up KE solar project in Sindh
Kot Addu Power Plant has informed PSX today that the Company’s bid for the proposed 150 MW K-Electric solar project to be set up at Deh Metha Ghar, Sindh (the…
The rapid growth of rooftop solar systems is transforming Pakistan’s energy landscape
The rapid growth of rooftop solar systems is transforming Pakistan's energy landscape and creating disparities for lower-income electricity consumers dependent on the traditional grid. Ensuring equitable energy access for all…
KAPCO has applied for a seven-year extension for its generation license
Kot Addu Power Company Limited (KAPCO) conducted its analyst briefing earlier today to present investors with updates on their FY24 results and offer insights into the future outlook: KAPCO is…
HUBC: Profitability to climb by 13.1% YoY in 1QFY25: AHL Research
The Hub Power Company Limited (HUBC) will announce its 1QFY25 financial result on 30th Oct’24. The company is expected to post a profit after tax of PKR 19.3bn (EPS: PKR…
SSGC’s explanatory statement about Conical Baffle charges in gas bills
This clarification is being issued in context to the installation charges of Conical Baffles in consumers' gas bills. Pursuant to the meeting chaired by the Prime Minister of Pakistan on the…
SSGC removed 4,400 illegal connections in fresh raids against gas theft
SSGC continued to tighten the noose on gas theft miscreants through multiple targeted raids in its Sindh and Balochistan franchise provinces. The ComCompany’scurity Services and Countergas Theft Operations (SS &…
Nexif Ratch Energy Secures financial close for its Solar Power Project in the Philippines
METRO MANILA, Philippines, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Nexif Ratch Energy, a leading independent power producer focused on renewable energy solutions, is thrilled to announce the financial close of…
Potential positive likely impact on Lalpir Power – A bumper dividend can be expected (IMS Research House Report)
The government has successfully negotiated with five IPPs to terminate their PPAs prematurely. Two of these five IPPs are from the listed space: Hub Power Co. Ltd. (HUBC) and Lalpir…
SSGC removed 1,150 illegal connections
SSGC continued to tighten the noose on gas theft miscreants through multiple targeted raids in Sindh and Balochistan. In fresh operations conducted by the Company’s Security Services and Counter Gas…
Govt’s decision to shut down CPPs is highly laudable.
Business leader and former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, on Friday, lauded the government for deciding to suspend the supply of…
KATI calls for Transparent Audit of CPPA to verify Power Sector Transactions
The Korangi Association of Trade & Industry (KATI) has officially requested the Ministry of Energy to conduct a forensic technical and financial audit of the Central Power Purchasing Agency (Guarantee)…
German Consul General praises the transformative impact of the Thar Coal Project on Pakistan.
Dr. Rüdiger Lotz, the German Consul General, recently visited Thar Coal Block II in Pakistan’s Tharparkar district to observe the operations of the Sindh Engro Coal Mining Company (SECMC), the…
HUBC dismissed media reports about ongoing negotiations between IPPs and the government.
The Hub Power Company held its financial briefing today. The following are the key takeaways from today HUBC's annual general meeting (AGM). Brief takeaways The Board informed that the company…
Hubc will likely be negatively affected if the government enforces their PPA conversion of PPAs: Research House.
Recently, news has been circulating regarding the termination of IPPs under the 1994 and 2002 Power Policy. The government has reportedly planned to shift old power plants from the current…
HUBCO highe value still intact. Earning ~PKR95bn is expected over the next three years
AHCML Research has reviewed HUBCO's performance and future efforts to increase revenue. Analysts believe that HUBCO's higher value is still intact. Earnings ~ of PKR95 bn are expected over the next…