KE recently concluded its annual Safety Week for 2023, a company-wide exercise focused on creating awareness regarding the importance of safety at the workplace and homes. This year’s theme of “Hifazat Muqaddam apnay liye aur Apno ke liye” reiterated the company’s commitment towards ensuring the best safety practices in their behavior and operations in the interest of its customers.… Continue

The National Electric Power Regulatory Authority (NEPRA) conducted a public hearing today on KE’s 7-year investment plan in transmission and distribution. The hearing was held in Islamabad with many attendees joining virtually as well. KE management shared details of the plan and projects being undertaken over the next control period from FY2024 to FY2030, valued at approximately PKR 484 billion.… Continue

The management of HUBC held a corporate briefing session today to discuss the company’s performance post-release of 1HFY23 results.

To recall, during 1HFY23, HUBC posted a profit after tax (PAT) of PKR 22.4bn (EPS: PKR 17.27), up by 83% YoY compared to PKR 12.2bn (EPS: PKR 9.41) during 1HFY22.… Continue

Challenging socio-political and macroeconomic factors have had a cascading impact on multiple sectors including KE which grapples with immense challenges during the first half of FY23. Surging inflation, policy rate hike and reduction in economic activity had a significant impact on the Company’s operations and profitability.… Continue

Attock Petroleum Ltd (APL) announced result for 2QFY23 where company posted unconsolidated PAT of PkR1.25bn (EPS: PkR10.03), down by 70% on a QoQ basis against PAT of PkR4.1bn (EPS: PkR33.3) during the previous quarter.

·         The result came in higher than our expectations of LAT PkR135mn (LPS: PkR1.1) where in major deviations occurred due to lower inventory losses during the quarter, subsequently resulting in gross margins to end at 1.7% for the period.… Continue

The Hub Power Company Limited (HUBC) announced its 2QFY23 financial result where the company posted a profit after tax (PAT) of PKR 13.3bn (EPS: PKR 10.25), up by 177% YoY compared to PKR 4.8bn (EPS: PKR 3.70) during 2QFY22. This took the 1HFY23 earnings to PKR 22.4bn (EPS: PKR 17.27), up by 83% YoY.… Continue

·         Power generation for the month of January has clocked in at 8,515GWh, remaining flat MoM while decreasing by 3.2%YoY compared to 8,797GWh generated last year. Circular debt for the power sector has crossed PkR2.5tn compared to PKR2.25tn in Jun’22.

·         Hydel generation for the month has clocked in at 800GWh, decreasing substantially on a monthly basis as January is the month of least hydrology in the country historically.… Continue

A 5-member delegation of the Asian Development Bank (ADB) called on Chairman WAPDA Engineer Lt Gen Sajjad Ghani (Retd) today. The delegation was comprised of Executive Director for Pakistan Noor Ahmed, the Executive Director for Japan Takahiro Yasui, Executive Director for People’s Republic of China Veihua Liu, Executive Director for Korea Sangmin Ryu and Director’s Advisor Ronald Ray San Juan.… Continue

Kot Addu Power Company Limited (KAPCO) announced its 2QFY23 financial result today where the company posted a profit after tax (PAT) of PKR 1,076mn (EPS: PKR 1.22), down by 68% YoY compared to PKR 3,328mn (EPS: PKR 3.78) during same period last year.… Continue

Nishat Chunian Power Limited (NCPL) announced its 2QFY23 financial result today where the company posted a profit after tax (PAT) of PKR 878mn (EPS: PKR 2.39), up by 59% YoY, compared to PKR 551mn (EPS: PKR 1.50) in same period last year.… Continue

Kot Addu Power Company Limited (KAPCO) is scheduled to announce its 2QFY23 financial result on Feb 22nd 2023. We expect the company to post a profit after tax of PKR 1,264mn (EPS: PKR 1.44) during 2QFY23. Sales of the company are projected to dip by 91% YoY I 92% QoQ.… Continue

· The ECC has approved gas price increase across sectors, including those for the domestic consumers. The gas price increase was a demand of the IMF while it was visiting Pakistan, in a bid to arrest the circular debt buildup in the gas sector.… Continue

Nishat Power Limited (NPL) announced its 2QFY23 financial result recently where the company posted a profit after tax (PAT) of PKR 1,101mn (EPS: PKR 3.11), up by 48% YoY, compared to PKR 745mn (EPS: PKR 2.10) in same period last year.… Continue

As per the PSX notice, ThalNova Power Thar (Private) Limited (TN) has achieved Commercial Operation Date (CoD) effective from Feb 17, 2023. TN is a joint venture between The Hub Power Company Limited (via Hub Power Holdings Limited), Thal Power (Private) Limited, Nova Powergen Limited, CMEC ThalNova Power Investments Limited, and Descon Engineering Limited.… Continue

Nishat Power Limited (NPL) is scheduled to announce its 2QFY23 financial result on Feb 13th, 2023. We expect the company to post a profit of PKR 699mn (EPS: PKR 1.97) during 2QFY23, depicting a decline of 6% YoY. Sales are expected to decrease by 65% YoY during 2QFY23 due to lower dispatches which are likely to be down by 89% YoY.… Continue

The National Electric Power Regulatory Authority (NEPRA) approved a reduction of Rs. 10.79 /unit on account of Fuel Charge Adjustments (FCA) for December 2022. Through a notification, the Authority issued instructions on the benefits of negative FCA to consumers in February 2023.… Continue

Pakistan’s energy sector is facing a major challenge as coordination between capacity generation and distribution is lacking. This lack of coordination has resulted in a mismatch between demand and supply, leaving the country grappling with persistent power shortages in some areas and now countrywide blackouts once or twice a year.… Continue

Committed to providing clean, affordable, and sustainable power for people of Pakistan including K-Electric’s growing base of over 3.4 million customers, CEO K-Electric, Mr. Syed Moonis Abdullah Alvi and Mr. Wang Minsheng, CEO China Three Gorges South Asia Investment Limited (CTGSAIL) signed a Memorandum of Understanding (MoU) to collaborate on exploring renewable energy including hydro projects across the country, including Azad Jammu & Kashmir.… Continue

·         Power generation has clocked in at 8,417GWh for the month of Dec’22, remaining flat MoM while decreasing by 4.5%YoY compared to 8,815GWh generated last year. Circular debt for the power sector has crossed PkR2.5tn compared to PKR2.25tn in June.

·         The significant increases in power generation have been seen from Coal fired power plants, with generation up 56%MoM.… Continue

Mari Petroleum Company Limited (MARI) reported its 2QFY23 earnings recently, wherein the company posted Profit After Tax (PAT) of PkR 11.15bn (EPS: PkR83.56) for the quarter, lower by 12%QoQ and, although higher by 49%YoY—slightly higher than our estimate of PkR81/sh.

· Net sales clocked in at PkR61bn for the 1HFY23 (up by 44%YoY), the highest half yearly topline posted in the company’s history.… Continue

Chairman WAPDA Engineer Lt Gen Sajjad Ghani (Retd) was briefed during his visit to under-construction Mohmand Dam Project that the diversion system is scheduled for completion in November this year, while the project is likely to be completed in 2026.

Member (Finance) WAPDA Naveed Asghar Chaudhry and Member (Power) WAPDA Engineer Jamil Akhtar were also present during the Chairman’s visit to Mohmand Dam Project.… Continue

Power generation went down by 5% YoY to 8,417 GWh (11,313 MW) during Dec’22, compared to 8,827 GWh (11,865 MW) during Dec’21. The decline in the generation was owed to lower generations from FO (-89% YoY), Coal (-28% YoY), and Hydel (-3% YoY).… Continue

Chairman WAPDA Engineer Lt Gen Sajjad Ghani (Retd) visited Tarbela 4th Extension Hydel Power Station (T4) and inspected operation and maintenance (O&M) activities of the power station, commissioned in 2018. He also had a detailed round of the under-construction Tarbela 5th Extension Hydropower Project (T5) to review construction activities on the sites.… Continue

Pakistan Muslim League-Nawaz (PML-N) Senator Capt. Shaheen Khalid Butt hoped that Letters of Credit (LCs) for imports will be opened soon, which will help facilitate the solar energy sector in the country. “Clean energy is absolutely vital not just for the environment but because it’s cost effective for the consumers.… Continue

Chairman WAPDA Engineer Lt Gen Sajjad Ghani (Retd) has directed the project management to make concerted efforts to minimising the adverse impact of the recent flood on the implementation of Nai Gaj Dam, being constructed by WAPDA on River Gaj, 65-Km North-West of Dadu in Sindh province.… Continue