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Pakistan’s government is negotiating a $4.47 billion loan with commercial banks to tackle its mounting energy sector debt. Government’s Plan to Tackle Circular Debt The loan, amounting to 1.25 trillion Pakistani rupees, will be repaid over five to seven years, according to Power Minister Awais Leghari. The government, which owns or holds significant stakes in …
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The chairman and members of the National Electric Power Regulatory Authority (NEPRA) have awarded themselves a shocking 220% pay raise. They did this without approval from the federal cabinet, sources told Geo News. According to NEPRA insiders, officials increased their salaries to between Rs2 million and Rs2.2 million. They bypassed the mandatory approval process. The …
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The government plans to privatise up to 50 state-owned enterprises (SOEs) over the next three to four years. Minister for Economic Affairs Ahad Cheema shared this update during a meeting with a World Bank delegation on Monday. Cheema met with Executive Directors (EDs) and Alternate Executive Directors (AEDs) from the World Bank Group (WBG). The …
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Karachi: Committed to the aim to expand its portfolio of clean energy, KE has allied with Sindh Energy Department (SED) and the World Bank to develop a solar park with an aggregate capacity of 350 MW under the ambit of the ‘Sindh Solar Energy Project’ (SSEP). The objective of SSEP is to increase solar power …
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Karachi: A gradual and systematic approach is critical to ensure that the Government’s vision of an open electricity market can be achieved successfully. This was the consensus among an expert panel of key stakeholders and thought leaders who gathered to speak at a webinar on the ‘Liberalization of the Power Market in Pakistan’ under the …
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Karachi: K-Electric (KE) held its 111th Annual General Meeting (AGM) for FY 2021. With the on-going COVID-19 pandemic, the AGM was hosted virtually. The meeting was chaired by Shan Ashary – Chairman of the KE Board, with Moonis Alvi – Chief Executive Officer, KE also in attendance, along with Aamir Ghaziani – Chief Financial Officer, …
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Karachi: K-Electric continues to leverage technology and digitization in its business operations with a focus on enhancing customer experience and offering them greater convenience. Another milestone was achieved in this regard as KE became the first power utility to launch a WhatsApp Service for residential customers in Karachi and adjoining areas. The 24/7 service has …
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Karachi: KE CEO Mr. Moonis Alvi expressed sincere gratitude to Minister for Energy, Hammad Azhar, for his vision & commitment to people of Karachi and especially for timely and kind intervention to address power situation challenges in the city. The Minister also acknowledged prompt payment by KE for additional power. The Minister was apprised by …
