SITE President terms gas rate hike unviable for SMEs
President, SITE Association of Industry Muhammad Kamran Arbi, has termed the current gas rate hike disastrous & unviable for SMEs (Small & Medium Enterprises) that form the backbone of Industrial…
NCPL delivered 386Gwh during the outgoing year (vs. 882Gwh during FY22)
Nishat Chunian Power Ltd (NCPL) conducted its analyst briefing today to present investors with updates on their FY23 result and offer insights into the future outlook: · Company's long-term debt…
Solar energy should be encouraged to avoid expensive electricity.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday that electricity is becoming…
MoU signed between SSGC-AE and Green Waste Energy (Pvt.) Limited to promote renewable natural gas
SSGC Alternate Energy (Pvt.) Limited (SSGC-AE) and Green Waste Energy have entered into a Memorandum-of-Understanding (MoU), unlocking the potential of "Green Molecules" Renewable Natural Gas. In a strategic move, Green…
The Hub Power Company – markets expect the payout to increase gradually
We update our estimates for HUBC and maintain our Buy rating with a revised TP of PKR140/sh. Our liking is based on coal capacity addition and increasing dividend payouts. Potential…
Dawlance factory converted to Solar-Power
Dawlance has converted one of its manufacturing facilities in Karachi to Solar-Power, with an investment of more than 600,000 Euros. This solar plant will enable the DPL factory to produce…
Monthly Hydel-based generation reached an all-time high during August ’23
Power generation increased by 13.6% YoY to 15,959 GWh (21,451 MW) during Aug'23, compared to 14,053 GWh (18,888 MW) during Aug'22. On MoM basis, generation also increased by 7.5%. Due…
120 MMCFD short supplies from 2 Gas Fields badly hit SSGC’s system
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…
PSA lauds govt vision to maintain current Net Metering rate
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…
Kot Addu Power Company announced a cash dividend of PKR 5.0/share.
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%…
KATI rejects skyrocketing petroleum prices
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…
WAPDA inks consultancy services contract for KurramTangi Dam Project Stage-II
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…
Nishat Chunian Power Limited – Surprisingly, the company did not announce any dividend along with the result.
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,…
Power generation increased by 4.9% YoY to 14,839 GWh (19,945 MW) during July ’23
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…
SNGPL’s reliance on RLNG in its sales mix has increased significantly over the years.
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…
Lucky Cement achieved another milestone for renewable energy.
Lucky Cement informed the Pakistan Stock Exchange (PSX) on 21st August 2023 about the successful completion and commissioning of our 25 MW captive solar power plant located at its manufacturing…
KATI urges the exploration of new gas reserves to ensure uninterrupted industrial supply.
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…
The power sector has become a big problem for the public and businesses
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…
The cost of doing business increases due to the continuous rise in electricity prices in Pakistan: Mian Zahid Hussain.
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…
Massive hike in electricity tariff is the worst anti-business measure -FPCCI
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…
KATI rejects hike in electricity rates, warns of massive industry shutdowns: KATI
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…
UBG President strongly opposes exorbitant hike in power tariff
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…
Unprecedented hikes in power tariffs will hurt agriculture and industry in Pakistan.
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,…
PSA puts rumors to rest: No change in Peak and Off-Peak hour electricity timings.
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…
The recent rise in electricity tariffs could increase poverty and unemployment.
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…