A view of K-Electric’s head office in Karachi. — K-Electric website/file Nepra criticizes KE’s dependence on NTDC for supplies. Calls launched to revoke KE generation license. The company is seeking an FCA refund of Rs 4.96 per unit. ISLAMABAD: Karachi residents and industrialists expressed their frustration with K-Electric (KE) at a public hearing on Wednesday, … Read more
Federal Minister for Energy (Power Division) Awais Leghari gestures during an interview in this undated photo. — X/Government of Pakistan The government is looking at captive and bagasse power plants for cost savings. Domestic electricity rates are already reduced by Rs4 per unit. Minister criticizes K-Electric’s Rs 500 billion profit claim. ISLAMABAD: Federal Minister for … Read more
An aerial view of a unit at the Chashma Nuclear Power Plant (CNPGS). — PAEC Website/File The plant’s financing structure includes 19% equity and 81% debt. Project cost of Rs 1.125 billion includes EPC cost of Rs 965.8 billion Return on equity was sought at 14.50% per annum. The National Electric Power Regulatory Authority (Nepra) … Read more
ISLAMABAD: The Senate Standing Committee on Industry and Production on Thursday asked whether the government would purchase power from solar consumers at Rs 9 per unit, while expressing concerns over “potential lobbying by independent power producers (IPPs) )” against solar policy. The upper house panel met under the chairmanship of Senator Aon Abbas Buppi to … Read more