Aftab Ahmed The Cabinet Committee on Energy (CCoE) on Thursday gave consent to terminate Chief Executive Officer (CEO) Central Power Generation Company (CPGCL) Hammad Amer over a countrywide power breakdown. Power Division presented three reports regarding power breakdown which occurred in January. According to a statement, the committee observed that while the inquiries had established…
Aftab Ahmed The Cabinet Committee on Energy is set to accord approval of paying Rs 403 billion to Independent Power Producers (IPPs). A meeting held on Monday will approve Payment Mechanism and Agreements with Independent Producers –IPPs. The Government of Pakistan constituted a Committee in August 2019 to look into the Power Sector issues. The…
The National Electric Power Regulatory Authority (Nepra) on Tuesday expressed serious concerns over the lack of authenticity in figures of power distribution companies (Discos) seeking an increase in Rs0.85 per unit increase in electricity tariff. Vice-Chairman NEPRA, Saifullah Chatta, the regulator, presided over a meeting. He said that the regulator would verify figures before making…
The MPCL board of directors has approved the submission of an expression of interest for the acquisition of majority shares, collectively held by Fauji Foundation and Fauji Fertilizer Bin Qasim Limited, in Foundation Wind Energy-I Limited and Foundation Wind Energy-II Limited. ‘We are pleased to inform that MPCL Board of Directors in its meeting held…
Aftab Ahmed Islamabad: The Power Division and the NEPRA have joined hands to take action against the K-Electric (KE) authorities in light of the Supreme Court’s orders over Karachi’s electrocution cases. Power Division has decided to call an important meeting of the board of directors of K-Electric on Monday to implement the Supreme Court’s orders…
Aftab Ahmed Islamabad: The NEPRA on Monday imposed a heavy fine of Rs 200 million on K-Electric (KE). The KE involved in forced load-shedding in Karachi. NEPRA spokesperson said that the authority had imposed a fine of Rs 200 million on K-Electric to carry out excessive load-shedding in Karachi during June and July 2020 and…
Faiz Bhutta The government has finally approved Renewable Energy Policy 2019 (now it may be called Renewable Policy 2020). Council of Common Interest (CCI) approved after a long debate amongst stakeholders, including provinces. I can say with confidence that this time consultation was much at a larger stage than before. Moreover, Policy almost satisfies the…
Aftab Ahmed Islamabad: Chief Executive Officer, Multan Electric Power Company (MEPCO) Engineer Tarhir Mahmood on Friday accused the parliamentarian’s involvement in transfer, postings, and hiring of the Company’s staff. He responded to a question relating to the dissatisfaction conveyed by Minister for Foreign Affairs, Shah Mehmood Quershi. Qureshi has presided over a meeting and conveyed…
Aftab Ahmed Islamabad: Newly appointed power secretary, Omer Rasul soon after resuming the office of power secretary has started cleansing the ministry with the parked luggage of the past, It is learnt reliably on Thursday. Omer Rasul, at his new assignment as being power secretary, although much familiar with the “Movers & Shakers” of the…
News Desk China’s state-owned Shanghai Electric Power (SEP) is finally decided to acquire K-Electric from the financial crisis-hit Dubai-based Abraaj Group, according to treasure.com.pk report. The report further stated that Shanghai Electric, through its lead manager Arif Habib Limited, has issued notices on Pakistan Stock Exchange (PSX) website in which it has shown its intention…