The Nation/30-06-2020 ISLAMABAD: The World Bank’s Board of Executive Directors approved $500 million in financing for the Resilient Institutions for Sustainable Economy program (RISE) to help Pakistan strengthen fiscal management, promote transparency and private sector growth, and undertake foundational reforms in the energy sector to transition to low-carbon energy. These reforms are critical to build […]

Business Recorder/15-05-2020 LAHORE: The National Transmission and Despatch Company (NTDC) have connected high voltage direct current (HVDC) system with high voltage alternating current (HVAC) system first time in Pakistan. About three kilometers long 500kV AC transmission line i.e. 500kV double circuit transmission line on quad-bundled drake conductor, for looping in/out of the second circuit of […]

Business Recorder/14-05-2020 ISLAMABAD: Ministry of Finance has reportedly agreed to convert PHPL debt of over Rs 800 billion into public debt with bi-annual review of power sector performance as per an agreement with the World Bank, well-informed sources in Finance Division told Business Recorder. The ECC recently approved a proposal of Power Division for conversion […]

Business Recorder/05-05-2020 ISLAMABAD: The federal government has reportedly decided to withdraw appellate powers from the National Electric Power Regulatory Authority (Nepra) by establishing a full-fledged independent appellate tribunal for the power sector. The Power Division and other power sector entities were making a hue and cry for long time on this issue, saying that Nepra […]

The Express Tribune/19-05-2020 ISLAMABAD: The federal government has received roughly Rs300 billion worth of bids from investors who have oversubscribed the Sukuk that the authorities have floated to raise funds to settle nearly 20% of circular debt. The Islamic bond was oversubscribed by 50% with bids of more than Rs300 billion on the first day. […]

Business Recorder/16-05-2020 ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has accused the Power Division of controlling Distribution Companies (Discos), which use it as a shield, which leads to competition and opening of the sector. The regulator, in its State of Industry Report 2019, has said that the power sector is under extreme financial pressure due […]

Business Recorder/30-04-2020 ISLAMABAD: Independent Power Producers (IPPs) have brushed aside all allegations of wrongdoings in the purported inquiry committee report tailored by a committee. In response to the recent reports appearing in media on the Inquiry Committee’s Report over alleged losses in the power sector, the Independent Power Producers Advisory Council (IPPAC) in a clarification […]

Business Recorder/28-04-2020 ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has constituted a team of experts to examine the report prepared by the committee for power sector audit, circular debt resolution as well as future roadmap and prepare a detailed response and suggest suitable actions thereof. According to a statement issued by the national electricity […]

Dawn News/14-04-2020 ISLAMABAD: The Ministry of Energy (Power Division) has appointed Dr Khawaja Riffat Hassan as Managing Director of the National Transmission and Despatch Company (NTDC) as a stopgap arrangement. His predecessor, Power Division Joint Secretary Zafar Abbas, had resigned as NTDC’s MD due to his commitments at the Power Division.

Business Recorder/13-04-2020 ISLAMABAD: The government on Monday made first formal contact with the managements of all power plants, particularly Independent Power Producers (IPPs) for a structured dialogue on possible options to reduce immediate liabilities amid constrained electricity demand. A senior government official told Dawn that a high-level inter-ministerial committee led by Energy Minister Omar Ayub […]

Energy Update/11-03-2020 THATTHA: Siemens completed the grid connection for Gharo Solar Ltd.’s 50-megawatt solar plant in the Thatta district in Pakistan’s Sindh Province through a 132-kilovolt (kV) grid station. Clean energy from the plant will feed into K-Electric’s power grid. This was the first contract that Siemens has completed for a solar power plant in […]

Pakistan Today/06-03-2020 ISLAMABAD: Prime Minister Imran Khan on Thursday ordered to devise an emergency programme to address the energy and petroleum sectors’ challenges and to ensure that the reformation process puts minimum burden on the common man. “The common man would not be made to bear the brunt of an inefficient and corrupt system, which […]