Sui Southern Gas Company has said today that since early morning today (Thursday), the gas utility has been facing tough challenges, as two of the gas fields from which SSGC purchases the natural gas are providing accumulative short supplies of 120 mmcfd.… Continue

Pakistan Solar Association (PSA) has expressed gratitude to the caretaker government for its decision to maintain the current Net Metering rate for solar energy users, as Minister for Energy Muhammad Ali announced. PSA Chairman Amir Chaudhry commended the government’s commitment to sustainability and the environment, emphasising that this decision would foster the adoption of solar energy and contribute to a cleaner, greener Pakistan.… Continue

Kot Addu Power Company Limited (KAPCO) announced its 4QFY23 financial result today where the company posted a profit after tax (PAT) of PKR 84mn (EPS: PKR 0.10), down by 95% YoY compared to PKR 1,666mn (EPS: PKR 1.89) during same period last year.… Continue

The President of the Korangi Association of Trade and Industry (KATI), Faraz-ur-Rehman, has voiced deep concern over the unprecedented surge in petroleum product 0prices, marking an all-time high in the nation’s history. In a resolute stand, KATI categorically rejected this alarming increase and called upon the government to swiftly address the matter.… Continue

Pakistan Water and Power Development Authority (WAPDA) signed an agreement worth Rs.776.3 million to a joint venture for consultancy services for Stage-II of Kurram Tangi Dam Project. The joint venture comprises four firms – one from Turkey and three from Pakistan – with DOLSAR as the lead firm.… Continue

Nishat Chunian Power Limited (NCPL) announced its 4QFY23 financial result today, where the company posted a profit after tax (PAT) of PKR 1,225mn (EPS: PKR 3.33), up by 104% YoY, compared to PKR 600mn (EPS: PKR 10.77) in same period last year.… Continue

Power generation increased by 4.9% YoY to 14,839 GWh (19,945 MW) during July ’23, compared to 14,151 GWh (19,020 MW) during July ’22. On a MoM basis, generation also increased by 8.2%. During 7MCY23, power generation decreased by 8.5% YoY to 75,861 GWh (14,910 MW) compared to 82,948 GWh (16,303 MW) during 7MCY22.… Continue

Sui Northern Gas Pipelines Ltd held its analyst briefing earlier today, wherein the management discussed the following:

· SNGP holds the distinction of being the largest gas distribution company in the country, catering to 30% of the total energy requirements. Company’s pipeline network spans over 145k km, extending throughout the nation.… Continue

In a pressing call to action, Sheikh Umer Rehan, former president of the Korangi Association of Trade and Industry (KATI), has underscored the critical importance of discovering untapped gas reserves on an emergency basis to avert a looming energy crisis. Speaking at a gathering of industrialists, Umer Rehan emphasized the indispensable role of a robust energy sector in driving a nation’s economic prosperity and development.… Continue

On Wednesday, Saifuddin Sheikh, Executive Director of Pakistan Economy Watch (PEW), said that the most important electricity sector suffers from incompetence and corruption. He said that this sector has become a big problem for the people and the business community, and the economy cannot be improved in the presence of a dysfunctional power sector.… Continue

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Tuesday welcomed the Caretaker Prime Minister Mr. Anwar Haq Kakar and said that the current price of electricity will never allow industry, trade, and the overall economy to flourish.… Continue

Echoing the collective concerns of Pakistan’s business, industry and trade community, Mr. Irfan Iqbal Sheikh, President of FPCCI, has termed the latest PKR. 7.5 / kWh hike in the electricity tariff as anti-business. We have already become uncompetitive vis-à-vis regional and sub-regional countries due to the grossly unfavourable cost of doing business in the country, and he added that we cannot absorb the added burden.… Continue

The Korangi Association of Trade and Industry (KATI) President, Faraz-ur-Rehman, in a strong stance against the frequent surge in electricity prices, has raised concerns about the devastating impact on the economy and called for immediate action to provide cheaper electricity alternatives.… Continue

United Business Group (UBG), representing the nation’s economic backbone, stands united in expressing profound concern and anxiety over the recent exorbitant increase in electricity tariffs. This hike has raised significant apprehensions among businesses, threatening to impact the purchasing power of consumers, lead to a decline in exports and investments, and potentially result in the closure of industrial units.… Continue

Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Sunday that the government had increased the power tariff by 27 per cent, which is unacceptable. The decision will hit the masses and all sectors of the economy, including agriculture, industry, services, and exports while pushing inflation to unprecedented levels, he said.… Continue

The Pakistan Solar Association (PSA) has been inundated with inquiries from member companies and stakeholders within the Pakistan solar industry concerning purported changes to the time-of-use tariff for customers of DISCOs (Distribution Companies). After weeks of speculation fueled by incorrect news items circulating on social media and unofficial sources, the PSA clarifies that there have been no alterations to the timings for peak and off-peak hours.… Continue

Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Sunday that the new increase in the price of electricity is condemnable. The public and businesses already reeling under unprecedented inflation and other problems cannot afford the new price of electricity, he said.… Continue

Pakistan is experiencing the peak of summer, accompanied by the misery of prolonged power outages across the country. Reports indicate a significant shortfall of 6,000 megawatts in electricity supply. Khalid Tawab, Former Senior Vice President of FPCCI, stated this. He said there are 6 hours of load shedding in urban areas, while rural areas suffer from 12 hours of load shedding.… Continue

President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while expressing sheer dismay over complete suspension of gas supplies for two days a week to industries in Karachi, appealed Prime Minister Shehbaz Sharif and Minister of State for Energy Musadik Malik to take notice of this unfair treatment by SSGC which has nowadays resorted to suspending gas supply for two days, causing grave losses to industries as the production activities have gone down by 30 percent due to complete gas suspension for two days every week.… Continue

· Central Power Purchasing Authority (CPPA) has disbursed PKR 142bn to IPPs to reduce the stock of circular debt.

· The development aligns with the IMF’s recommendation of reforms and progress in the energy sector in a recently signed staff-level agreement for the SBA facility amounting to USD 3bn.… Continue

Pakistan’s leading higher education institution, LUMS, organised a seminar on ‘Advancing Pakistan’s Power Sector through Strategic Investments and Digitisation’, featuring renowned energy experts, researchers, and academics. The seminar explored the transformative potential of strategic investments in confronting the challenges to Pakistan’s power sector, such as power shortages, distribution inefficiencies, and outdated infrastructure.… Continue

· Power generation decreased by 16% YoY to 12,284 GWh (16,510 MW) during May’23, compared to 14,657 GWh (19,700 MW) SPLY. The YoY decline in the power generation was owed to lower generation from FO (-81%), Wind (-22%), Nuclear (-18%), Gas (-13%), RLNG (-11%) and Hydel (-8%).… Continue

On Wednesday, Saifuddin Sheikh, Executive Director of Pakistan Economy Watch (PEW), said that the purchase of LNG from the global market should not be lax. Otherwise, the load shedding of electricity and gas will increase in the winter. He also urged politicians to shun their differences and come up on a page about all matters to avoid people’s anxiety.… Continue

Neelum Jhelum Hydel Power Station is likely to resume electricity generation by the end of next month as hectic efforts are underway to complete the remedial works being carried out in tail race tunnel of the project. This was crux of the briefing given to Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) by the management during his visit to the project today.… Continue