Wednesday, July 01 2026

KOEN seeks Islamabad’s support as $1bn hydropower projects face uncertainty
South Korea’s state-owned Korea South-East Power Company (KOEN) has urged Pakistan to remove regulatory hurdles holding up nearly $1 billion in planned hydropower investments, citing delays in tariff determination and uncertainty over the country’s future power generation plan. The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and a delegation of KOEN, held to discuss the company’s proposed investment in Pakistan’s hydropower sector and matters relating to its two projects in Swat. The delegation was led by KOEN Chief Executive Officer Kim Min Young and included Jang Sungkyu, Deputy Chief Executive Officer; Javid Rashid Chaudhary, Chief Operating Officer; Asim Javed, Director of Finance; and Shahid Javid, General Manager of Project Development.
Related news categories: business economic-indicators power-gen-dist

Thursday, June 11 2026

Power regulator drops show-cause notice against LPCL
National Electric Power Regulatory Authority (NEPRA) has closed show cause notice issued to Lalpir Power Company Limited (LPCL) over its alleged failure to timely restart operations following the nationwide power system collapse in January 2023. According to official details, the countrywide blackout occurred on January 23, 2023 at 07:34:43 hrs, plunging the entire nation into darkness. The system was restored after approximately 20 hours on January 24, 2023. NEPRA, as the sector regulator, took cognizance of the incident and constituted an Inquiry Committee (IC) to investigate the causes. The committee conducted site visits to power plants, grid stations, and relevant offices, and examined documents to reach its conclusions.
Related news categories: business economic-indicators power-gen-dist psx stock-exchanges
Related symbols: lpl (news stock)