Sui Southern Gas Company is rehabilitating its ageing gas distribution infrastructure across Karachi. This is a crucial step towards improving the reliability and efficiency of gas supply to its domestic…
InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR…
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 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…
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…
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…
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…
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…
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…
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, 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…
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 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 and creating disparities for lower-income electricity consumers dependent on the traditional grid. Ensuring equitable energy access for all…
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…
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…
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 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 &…
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…
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 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…
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…
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)…
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…
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…
