KARACHI: David International Foundation and UNDP co-hosted the 9th session of the UNDP Women’s Fund at Acton House Gardens, Runnymede, British Deputy High Commission Karachi, with support from the Asian Development Bank and the World Bank, under the theme “Empowering with the Goals of Nations United Nations Sustainable Development: Partnerships for the Goals. The event … Read more
The federal cabinet, headed by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 independent power producers, a move that is expected to bring down electricity prices by Rs 10-11 per unit. The renegotiated contracts are set to save 802 billion rupees by reducing profits and costs of independent power projects, while deducting an … Read more
Thatta Cement Company Limited has successfully acquired 12,500,000 shares in Thatta Power (Pvt) Ltd, representing an ownership stake of 26.09% in the company, according to a filing made with the Pakistan Stock Exchange on Tuesday. As a result, Thatta Cement’s total shareholding in Thatta Power increased to 88.52%. This acquisition reflects Thatta Cement’s strategic move … Read more
The Power Department has initiated an investigation against the National Transmission and Dispatch Corporation (NTDC) over the removal of several development schemes from the Public Sector Development Program (PSDP). Business Registrar It stated that the plans that were removed include the World Bank-financed Electricity Distribution Efficiency Improvement Project (EDEIP). The deletion of major development plans … Read more
The Ministry of Energy issued an urgent appeal to release 400 billion rupees in support by the end of December to prevent a slide in circular debt management, a key goal agreed with the International Monetary Fund. News I mentioned. So far, the Finance Ministry has released only 82 billion rupees out of 1,229 billion … Read more
Islamabad: The Sahiwal Power Plant, equipped with 2 x 660 MW coal-fired supercritical steam generators operating at around 570°C, has the capacity to generate more than 9 billion kWh of electricity annually. Supercritical technology, which operates at higher temperatures and pressures compared to conventional coal-fired plants, increases efficiency, resulting in lower coal consumption and lower … Read more
The Government has completed negotiations with 14 furnace oil-based independent power producers (IPPs) under a “take-and-pay” agreement, with discussions continuing with other IPPs. According to a news report, Prime Minister Shehbaz Sharif announced the gradual closure of old power plants to reduce electricity costs and promote energy efficiency. This step comes within the framework of … Read more
K-Electric (KE) has received the lowest tariff offer from Kot Addu Power Company Limited (KAPCO) for its 120 MW solar project in Karachi, according to KAPCO’s filing with the Pakistan Stock Exchange (PSX). Capco reported that it had submitted a bid of Rs 9.8319 per kWh, equivalent to 3.4061 cents/kWh at a reference exchange rate … Read more
Power generation in Pakistan reached 10,262 GWh (13,793 MWh) in October 2024, representing a 7% year-on-year increase compared to October 2023, which saw 9,572 GWh. However, on a monthly basis, electricity generation fell by 17.8% from 12,487 gigawatt hours (17,343 MW) in September 2024. In the first four months of fiscal year 2025 (July-October), power … Read more
A 6.8 magnitude earthquake shook eastern Cuba on Sunday, after weeks of hurricanes and power outages which left many people on the island in shock. The epicenter of the earthquake was located about 25 miles south of Bartolomé Masó, Cuba, according to a United States Geological Survey report. The rumble was felt throughout the eastern … Read more