As per the settlement, the LESCO administration will end overbilling phase-wise in three months, the FIA officials said, and added electric meters of the pending connections will be replaced in the same period. The FIA will pen a letter to the LESCO chief in case of any complaint, the power provider said, and added FIA […]
The monthly fuel adjustment has resulted in a rise in electricity prices of Rs4.12 per unit, as announced by the National Electric Power Regulatory Authority (Nepra). Electricity users will need to make extra payments on their January bills, according to the Nepra. According to Nepra’s statement, customers of K Electric and Lifeline will not be […]
Pakistan and China trumpeted their “all weather” friendship after their leaders met on the sidelines of the Shanghai Cooperation Organization summit on Friday, but analysts warn that Islamabad’s scramble to extricate itself from an economic crisis could stoke tensions. Both sides’ readouts of the summit between Chinese President Xi Jinping and Pakistani Prime Minister Shehbaz […]
The National Electric Power Regulatory Authority (Nepra) on Thursday approved the extension of flat electricity tariff; to industrial consumers across the country without the application of expensive peak charges till June 30, 2022. The approval came following a decision of the Cabinet Committee of the Cabinet and ratified by the Federal Cabinet on the ground […]
Pakistan is planning to issue its debut green bonds next week to raise $500 million. This bonds sale will potentially set the stage for Pakistan’s more similar instruments to finance its hydroelectric projects. The Water and Power Development Authority (WAPDA) will issue the green bonds and will constitute a 10-year note this month; as stated […]
After a massive power breakdown plunged the country into darkness late Saturday, electricity supply was restored in major parts of the country Sunday morning. Federal Minister for Energy Omar Ayub Khan said the power breakdown occurred due to a technical fault at the Guddu power plant which resulted in frequency falling from 50 to zero […]
