Govt of Pakistan has signed agreement of Super Six wind power projects which will produce 310MW of clean & low cost power. Thank the World Bank & IFC for the $450 million investment for the project & their continued support for the implementation of our Govt’s development goals. – Dr Abdul Hafeez Sheikh Continue reading More Wind Projects in Pakistan
New tariff will not only give relief to masses but help government get out of capacity payment trap. In a welcoming development, the government is all set to introduce flat tariff regime for electricity consumers having ToD (Time and Day) meters at Rs11.97 per unit for four months of winter reason. It will not only give a substantial relief to masses but also help the … Continue reading Flat tariff at Rs11.97 to the domestic and commercial consumers- Power Division
The government has awarded generation licences to two foreign firms for setting up wind and solar power plants in Sindh, National Electric Power Regulatory Authority (Nepra) documents showed. The two companies, ENI New Energy Pakistan and Burj Wind Energy, have been given the license to set up the 10 MW solar and 13.8 MW wind power plants respectively. ENI will set up the solar plant … Continue reading Licences awarded for Renewable Energy Projects
If consumption in winter increases, power cost can come down Energy costs and tariffs have been increasing and may further go up. There is a need to explore ways and means for reducing these, wherever a reasonable opportunity exists. There is some scope in increasing various kinds of efficiencies and reducing various kinds of leakages and losses. Electricity cost and tariff can be brought down … Continue reading Government should lower electricity tariffs in winters. Here’s why.
At least six oil refineries are at different stages of completion to ramp up crude oil refining capacity in Pakistan by around five percent with the government offering ‘unprecedented’ incentives to downstream sector to meet growing energy demand, officials said on Tuesday. A senior official said currently as many as six projects, investment initiatives and proposals in oil refining sector are in pipeline and at … Continue reading Oil Production Boost by 1.1m barrels per day
The Auditor General of Pakistan (AGP) has discovered variations of Rs201.39 billion in the figures of tax receipts, and referred to these as ‘evasion’ in the audit report on the accounts of the Federal Board of Revenue (FBR) for 2017-18. The AGP has recommended various measures for the recovery of evaded taxes from the FBR along with fixing of responsibility. Those found responsible be proceeded … Continue reading PKR 201 Billion refered as Tax Evasion
Pakistan’s Data Network, Zong 4G, the pioneer of 4G in Pakistan, is now the first and only telecom operator to successfully test 5G services. Backed by China Mobile Communications Corporation (CMCC), and supported by 11,000+ 4G towers and 13 million 4G customers, Zong 4G is truly a leader in innovation, advanced technology, and infrastructure. Now, anyone wishing to test 5G will be able to experience … Continue reading Pakistan – 1st SouthAsian country to test 5G speed.
The National Electric Power Regulatory Authority (Nepra) on Tuesday approved a reduction of Rs0.9 per unit in electricity tariff for all power distribution companies, except for K-Electric, on account of fuel cost adjustment for June 2019. The decision was taken by the regulator at a public hearing held to review a petition filed by the Central Power Purchasing Agency (CPPA) on behalf of the distribution … Continue reading Rs0.9 per unit reduced in electricity tariff