K-Electric has requested NEPRA to pass a reduction of PKR 10.26 per unit in customer bills under Fuel Charges Adjustment (FCA) for the month of December 2022. This request has…
Sui Southern Gas Company Managing Director Imran Maniar said that SSGC lost 21 billion rupees in the past, which has now turned into a profit of 2 billion rupees after…
· Gas sector circular debt has ballooned to ~PkR1.5tr according to recent news flow, with OGDC, PPL and PSO amongst those affected by it. OGDC/PPL Trade debts have increased to PkR490bn/PkR401bn,…
WAPDA has awarded contract Package XI of the Mangla Refurbishment Project for Units 9 and 10 to G.E Hydro France. The contract worth Rs.11.922 billion includes the two units' manufacturing,…
The Lasbela Chambers of Commerce and Industry (LCCI) strongly supports the decision of Sui Sothern Gas Company (SSGC) to supply residential consumers with gas cylinders instead of gas through pipelines.…
Chairman National Electric Power Regulatory Authority (NEPRA) Touseef Hassan Farooqi, while expressing sheer disappointment over the performance of DISCOs across Pakistan including K-Electric, stated that KE, being a private entity…
Construction work continues simultaneously on 12 different sites of the Dasu Hydropower Project. The critical diversion system will be completed in May this year, while electricity generation from the project…
Intermarket securities, a leading brokerage firm, confirmed a 4.5 million USD valuation for NetLine, a family-owned business in the energy and power sector. NetLine is known as one of the…
For the month of November, K-Electric has filed a petition for a reduction in FCA at the rate of PKR 7.04 /kwh (per unit). NEPRA will conduct a public hearing…
Power Generation was down by 1.4% YoY during Nov'22 Power generation went down by 1% YoY to 8,367 GWh (11,621 MW) during Nov'22, compared to 8,482 GWh (11,780 MW) during…
Chief Minister Sindh Murad Ali Shah and Sindh Energy Minister Imtiaz Shaikh attended the groundbreaking ceremony at KE's KKI Grid. This is the 73rd grid in KE's network and provides…
· Circular debt in the power sector currently stands between PkR2.4tn-PkR2.5tn according to recent news flow. This signifies an increase of ~PkR200bn after the first 4 months of the fiscal year…
U.S. Ambassador Donald Blome joined Prime Minister Shahbaz Sharif at Mangla Hydro Power Station today to celebrate completion of a $150 Million U.S.-funded project to refurbish and improve the station's…
Despite macroeconomic and geopolitical challenges, KE is confident in serving its customers in a reliable and efficient way through a comprehensive, multi-pronged strategy. These comments were made by KE's Chief…
Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry Zubair Motiwala has said that Pakistan needs to increase the exports but it was not happening at…
Power generation went down by 5% YoY to 10,705 GWh (14,388 MW) during Oct'22, compared to 11,296 GWh (15,183 MW) during Oct'21. The decline in the generation was owed to…
NEPRA announced to conduct a public hearing on 30 November over the petition submitted by K-Electric on account of Fuel Charges Adjustments (FCA) for October 2022 and Quarterly Adjustments for…
The Karachi Chamber of Commerce & Industry (KCCI) and Industrial Town Associations, while expressing deep concerns over suspension of gas supply to the industries in Karachi, stated that all the…
Indeed, it was a historic day for the gas industry in Pakistan. SSGC's Chairperson Dr. Shamshad Akhtar inaugurated a new assembly line for measuring units of G-4 Gallus residential gas…
The Sui Southern Gas Company Limited (SSGC) today would like to clarify the misguiding news circulating in the media regarding the suspension of gas supplies to the industrial sector through…
As per news flow, the Economic Coordination Committee (ECC) met on 31st Oct'22 to discuss energy, petroleum, and commerce matters. At the meeting, the summary of the revision of margins…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the problem of gas…
The national energy icon, Pakistan State Oil (PSO) reported a profit after tax of PKR 1.2 billion in Q1 of the financial year 2022-2023 while the group posted a net…
The management of KAPCO held an analyst briefing today to discuss the FY22 results and give an outlook of the Company in the future. Below are the key takeaways. Brief…
The Hub Power Company Limited (HUBC) announced its 1QFY23 financial result today where the company posted a profit after tax (PAT) of PKR 9,099mn (EPS: PKR 7.01), up by 23%…
