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Tag Archives: K-Electric

PSX ends week on positive note with massive 396pts gain

KARACHI: The Pakistan Stock Exchange ended the week on positive note after adding massive 395.88 points or 0.99 per cent to take the tally to above 40,000 mark. The KSE 100 index flew up 513.43 points to intraday high of 40,388.55 and closed the day at 40,271. Even with a strong banking sector, the KMI 30 index took a dip. ... Read More »

650MW supply accord: Minister rules out extension in agreement with K-Electric

ISLAMABAD: For what he described is failure to honour commitment regarding increasing its generation capacity, Minister of State for Water and Power Abid Sher Ali ruled out granting any extension to the 650 megawatt supply agreement with K-Electric. The agreement is set to be expired on Jan 26. Talking the media after inauguration of 132-kilovolt grid station of the Islamabad ... Read More »

Rs552.697m and Rs1,478m saved: Nepra slashes K-Electric power tariff by Rs1.64  

ISLAMABAD: Taking up the Central Power Purchasing Agency (CPPA) petition for relief to consumers of K-Electric, the National Electric Power Regulatory Authority (Nepra) cut power traffic for the K-Electric by Rs1.64 per on account of monthly fuel price adjustment for the month of November, 2014. The CPPA in its petition submitted that K-Electric saved Rs522. 697 million on fuel price ... Read More »

Rs552.697m and Rs1,478m saved: Nepra slashes K-Electric power tariff by Rs1.64  

ISLAMABAD: Taking up the Central Power Purchasing Agency (CPPA) petition for relief to consumers of K-Electric, the National Electric Power Regulatory Authority (Nepra) cut power traffic for the K-Electric by Rs1.64 per on account of monthly fuel price adjustment for the month of November, 2014. The CPPA in its petition submitted that K-Electric saved Rs522. 697 million on fuel price ... Read More »

650MW electricity: President ‘rejects’ backing power supply to K-Electric from national grid

ISLAMABAD: President Mamnoon Hussain, during a meeting with a delegation of the K-Electric, has rejected to support the continuation of 650MW of power supply to the K-Electric company from the national grid. K-Electric Chairman and country head of the Abraaj Group Tabish Gauhar was leading the delegation. According to sources, the president said that the government could not continue the ... Read More »

500kv line’s tripping: Power breakdown plunges Karachi, parts of Sindh, Balochistan into darkness

KARACHI: Massive power breakdown from National grid brought to a halt routine and commercial life in the commercial hub of the country and various cities of upper Sindh and some parts of Balochistan. The power supply broke down at around 3:25am plunged not only Karachi in to darkness but also parts of upper Sindh and Balochistan province. Reports said that ... Read More »

Rs17b relief in next month billing: Rs2.92 per unit cut in power tariffs likely

ISLAMABAD: The Central Power Purchase Agency (CPPA) has sought Rs2.92 per unit reduction in the fuel based power rates for all distribution companies except K-Electric for a month. Admitting the CPPA’s tariff petition, the National Electric Power Regulatory Authority (Nepra) has decided to hold a public hearing on December 19 before passing on to the consumers a relief of about Rs17 ... Read More »

$2bln investment: K-E to set up 660MW coal power plant, convert 400MW plant to gas

ISLAMABAD: The management of K-Electric planned investing $2 billion including $1 billion for construction of a 660MW coal-fired power plant in Gaddani and $400 million for conversion of 400MW furnace oil-run plant to coal. The company has planned a total investment of $2 billion and the plan will be completed by June 2017. K-Electric Chairman Tabish Gohar informed Finance Minister ... Read More »

Rs2 per unit cut in electricity tariff likely as Nepra reduces 74 paisa/unit for K-Electric

ISLAMABAD: The federal government has decided to reduce huge power tariff and is likely to decrease Rs2 per unit, while National Electric Power Regulatory Authority (Nepra) has already approved a 74 paisa per unit cut for K-Electric on account of monthly fuel adjustment. Sources said that Prime Minister’s Adviser Sartaj Aziz is working on the restructuring of slabs, including adding ... Read More »

1,000 kundas removed; 48 meter, 35mm2 cable seized in SITE area: K-Electric

KARACHI: K-Electric has launched a vigorous Anti-Theft Campaign across the city and removed 1000 illegal hook connections in the SITE area. The company warned against illegal use of power, saying that the company was committed to eliminating the menace of electricity theft in its jurisdiction. According to the company’s press release, the K-Electric took stern action against Kundas in SITE ... Read More »

42-paisa per unit cut: K-Electric ordered to share Rs5.421b with consumers

ISLAMABAD: Top power sector watchdog the National Electric Power Regulatory Authority (Nepra) ordered K-Electric to shares benefits of Rs5.412billion from its profits with its consumers and provide them immediate relief. According to reports, the Nepra’s decision comes as part of a mechanism included in K-Electric’s approved tariff in 2009, under which the power distribution company is bound to pass on ... Read More »

Equalization surcharge deprives power consumers of Rs 27b subsidy

ISLAMABAD: The already entangled electricity consumers, with the exception of those of K-Electric, have been deprived of Rs27 billion annual subsidy with the withdrawal of Rs1.50 per unit subsidy. According to reports, the Ministry of Water and Power has imposed Electricity Equalization Surcharge of Rs1.50 per to cut down subsidy being offfered on electrcity. Although the National Electric Power Regulatory ... Read More »

Govt tactfully cuts Rs1.50 per unit subsidy on electricity to appease IMF

ISLAMABAD: The government in a bid to meet IMF demands has tactfully cut Rs1.50 per unit subsidy on electricity, it has been learnt. According to the authorities of Ministry of Water and Power, in order to cut the subsidy an Electricity Equalization Surcharge of Rs1.50 per unit has been imposed. With this development, the electricity consumers with the exception of ... Read More »

Power tariff up by 52 paisa, fuel cost remains Rs60.54b in Sept

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has once again increased power tariff by 52 paisa per unit on account of monthly fuel price adjustment despite a plunge in the price of furnace in the international oil market. Nepra acting Chairman Habibullah Khilji took the decision during a public hearing. The power consumers will now have to pay Rs4.5 ... Read More »

KSE upbeat on strong buying in PSO, Attock Petroleum

KARACHI: The Karachi Stock Exchange (KSE) 100-index continued its bullish trend for third consecutive day in a volatile trading and also maintained 30,000 psychological barrier by gaining 73.36 points to finish 30098.49 points with a volume of 113,364,510 shares on last day of trading, Friday. KSE-30 index went up by 91.21 points as closed at 19,977.30 points as against 19,886.09 ... Read More »

KSE keeps floating on buoyant PSO, K-Electric scrips

KARACHI: The Karachi Stock Exchange (KSE) 100-index continued its bullish trend for third consecutive day in a volatile trading and also maintained 30,000 psychological barrier by gaining 73.36 points to finish 30098.49 points with a volume of 113,364,510 shares on last day of trading, Friday. KSE-30 index went up by 91.21 points as closed at 19,977.30 points as against 19,886.09 ... Read More »

Govt pays K-Electric Rs53b during current year, Rs312b in eight years

ISLAMABAD: The government paid Rs312 billion to the Karachi Electricity Supply Company (K-Electric) during the last eight years, in which Rs228 billion was paid in just last four years and Rs84 billion was paid last year, while with the highest ratio, Rs53 billion was given to the company during the ongoing year to fill the ‘tariff gap’, Minister of State ... Read More »

Nepra gives nominal relief to electricity consumers

ISLAMABAD: Now people can enjoy ‘less expensive’ electricity as the country’s power regulatory authority has announced to cut the tariff by 29 paisa per unit on account of fuel adjustment for August 2014 The National Electric Power Regulatory Authority (Nepra) decided this during a public hearing on a petition, filed by the Central Power Purchasing Agency (CPPA). According to the ... Read More »