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Site update: September 17 2025, at 16:45 PKST
Stock update: September 17 2025.

Recent Financial News in the 'power-gen-dist' category

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Tuesday, September 16 2025

Hyderabad Electric Supply Company fined Rs100m
The National Electric Power Regulatory Authority (Nepra) on Monday imposed a Rs100 million fine on Hyderabad Electric Supply Company (Hesco) for continuing excessive loadshedding on commercial grounds, violating laws and regulations. Nepra had earlier fined Hesco Rs50m in April 2024 for loadshedding based on aggregate technical and commercial (ATC) losses despite no shortfall in power generation. Hesco neither paid the fine nor halted the practice, instead appealing the decision. Following a show-cause notice and legal proceedings, Nepra ruled that filing an appeal did not exempt Hesco from penalties. The regulator ordered Hesco to immediately stop ATC-based load shedding and imposed an additional fine of Rs100,000 per day from April 4, 2024, until compliance.
Related news categories: business economic-indicators power-gen-dist

Thursday, September 11 2025

Shanghai Electric Power terminates purchase of stake in KE
Shanghai Electric Power Company has decided to terminate its offer to acquire up to 66.4 per cent of K-Electric Ltd due to changes in Pakistan’s business environment, it emerged on Wednesday. KE is the only electricity generator, transmitter, and distributor for Karachi and its adjoining areas, and the only listed electricity supplier. It was privatised in 2005. Shanghai Electric Power had agreed to buy a controlling shareholding in KE from Abraaj Group back in 2016 for a sum of $1.77 billion. The transaction never materialised because the seller failed to obtain the required approvals from different authorities and liquidity constraints as a consequence of mounting circular debt in the country’s power sector. In June 2023, Shanghai Electric reiterated its commitment to the deal. In a statement issued a day ago, the Chinese company said: “On September 9, 2025, the company convened the fifth meeting of the ninth board of directors and reviewed and approved the proposal to terminate and write off the equity acquisition of KE company in Pakistan, agreeing to terminate this major asset purchase.”
Related news categories: business economic-indicators power-gen-dist

Wednesday, September 10 2025

Nepra announces Rs1.79 per unit refund to consumers for July
The National Elec­t­ric Power Regulatory Authority (Nepra) on Tuesday notified a negative fuel cost adjustment (FCA) of Rs1.79 per unit for consumers in September’s bills for power consumed in the month of July. According to a notification issued by Nepra today, the authority “decided to allow a negative FCA of Rs1.7859/kWh for July 2025, to be passed on to the consumers in the billing month of September 2025”. Nepra said the negative FCA would apply to all consumer categories of K-Electric and XWDiscos (ex-Wapda distribution companies) “except lifeline consumers, domestic protected consumers, Electric Vehicle Charging Stations (EVCS) and prepaid electricity consumers of all categories who opted for pre-paid tariff”.
Related news categories: business economic-indicators power-gen-dist

Wednesday, September 03 2025

Neelum-Jhelum project ‘a failure of planning, execution’
The Auditor General of Pakistan (AGP) has declared the Rs507 billion Neelum-Jhelum Hydropower Project a failure in terms of objectives, planning and execution, saying it neither secured Pakistan’s water rights nor delivered the designed energy output, as its multiple tunnel faults and collapses have raised serious questions about the quality of work on a project of national importance. In its performance audit report for 2022-23, submitted to the president and parliament, the AGP noted that the findings did not even include the major collapse of the headrace tunnel last year, which has kept the project shut. The report was finalised based on responses from Wapda’s management to audit objections. According to the report, the project faced considerable delays despite the provision of tunnel boring machines (TBMs) meant to speed up excavation, mainly due to design changes.
Related news categories: business economic-indicators power-gen-dist

Thursday, August 28 2025

Gwadar port to be powered via solar energy in bid to enhance efficiency: minister
Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry on Wednesday announced that plans are underway to utilise solar energy to power Balochistan’s Gwadar port in a bid to improve its efficiency, a press release issued by his ministry said. Gwadar Port, built more than a decade ago, still remains a non-starter, prompting the federal government to speed up efforts aimed at the maximum utilisation of the port. Earlier this month, Gwadar Port Authority (GPA) and a Chinese company agreed to boost investments at the port, in an attempt to develop it as a “regional transhipment centre”. In a meeting aimed at enhancing the port’s operations, Chaudhry announced that “efforts are underway to implement solar-based solutions” to enhance the operational capability of the Gwadar port.
Related news categories: business economic-indicators power-gen-dist

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