Latest news with #MEPCO
Express Tribune
15-04-2025
- Business
- Express Tribune
Consumers to see Rs51.5b power tariff relief
QATPL is a private limited company, wholly owned by the Government of Punjab and incorporated under the Companies Ordinance 1984 on March 25, 2015. The facility will be a thermal IPP using RLNG as the primary fuel and High-Speed Diesel (HSD) as a back-up. PHOTO: AFP Listen to article Consumers are set to receive a relief of Rs51.493 billion on account of the third quarter of fiscal year 2024-25, with NEPRA scheduled to hold a public hearing on April 29, 2025, to consider the requests of ex-WAPDA distribution companies (DISCOs) for these quarterly adjustments. The proposed reductions pertain to capacity charges, transmission charges, market operator fees, variable operation and maintenance costs, the impact of incremental units, and transmission and distribution losses on the monthly fuel cost adjustment (FCA). According to documents, the DISCOs submitted a consolidated request for the JanuaryMarch 2025 quarter, in accordance with NEPRA's notified tariff and approved adjustment mechanism. The net adjustment is negative, indicating a reduction in recoverable costs for most companies. Multan Electric Power Company (MEPCO) submitted the largest reduction request of Rs15.646 billion, followed by Lahore Electric Supply Company (LESCO) at Rs9.077 billion, Gujranwala Electric Supply Company (GEPCO) at Rs7.204 billion, Tribal Areas Electric Supply Company (TESCO) at Rs4.341 billion, Faisalabad Electric Supply Company (FESCO) at Rs4.690 billion, and Quetta Electric Supply Company (QESCO) at Rs2.238 million, Hyderabad Electric Supply Company (HESCO) at Rs3.903 billion, and Sukkur Electric Power Company (SEPCO) at Rs3.494 billion. Islamabad Electric Supply Company (IESCO), in contrast, requested a net positive adjustment of Rs1.762 billion. Capacity charges form a substantial portion of these adjustments. Key figures include MEPCO at Rs14.437 billion, LESCO at Rs7.824 billion, GEPCO at Rs7.204 billion, FESCO at Rs4.254 billion, SEPCO at Rs3.317 billion, HESCO at Rs3.903 billion, QESCO at Rs2.289 billion, and TESCO at Rs4.035 billion. IESCO and Peshawar Electric Supply Company (PESCO) each reported multiple figures for capacity charge adjustments. NEPRA has clarified that under federal policy guidelines, the quarterly adjustment, once determined, will also apply to K-Electric consumers. A public hearing notice invites stakeholders to submit written or oral comments. Relevant regulations and requests are available on NEPRA's website. FCA for March Additionally, consumers of all DISCOs except K-Electric may benefit from a further relief of Rs0.0309 per kilowatt-hour (kWh) as a fuel cost adjustment (FCA) for March 2025. NEPRA has scheduled a separate public hearing on April 29 to deliberate this proposed decrease. The request, submitted by the Central Power Purchasing Agency Guarantee Limited (CPPA-G), proposes reducing the fuel cost component from the reference rate of Rs9.2560/kWh to Rs9.2251/kWh. Under Section 31(7) of the NEPRA Act, NEPRA is empowered to adjust monthly tariffs based on fuel price variations, subject to federal policy guidelines. If approved, the adjustment will be notified in the official Gazette. In March 2025, total energy generation stood at 8,409 GWh. Hydel sources contributed 1,297 GWh (15.42%), local coal 1,393 GWh (16.57%) at Rs12.2408/kWh, and imported coal 545 GWh (6.48%) at Rs17.7377/kWh. No generation occurred using high-speed diesel, while RFO-based generation was 4 GWh at Rs29.5109/kWh. Gas-based generation stood at 979 GWh (11.64%) at Rs11.8982/kWh, and RLNG accounted for 1,528 GWh (18.17%) at Rs23.1144/kWh. Nuclear energy provided the largest low-cost share at 2,223 GWh (26.43%) at Rs1.9999/kWh. Iran supplied 39 GWh at Rs24.9993/kWh. Renewable sources contributed modestly: wind at 230 GWh (2.74%), solar at 120 GWh (1.43%), and bagasse at 51 GWh (0.61%) at Rs5.9822/kWh. Total generation cost Rs79.522 billion, averaging Rs9.4569/kWh. After adjusting for a previous negative FCA of Rs0.3914/kWh (Rs3.291 billion) and energy sales to IPPs of 27 GWh (Rs1.379 billion), net energy delivered to DISCOs was 8,114 GWh.
Zawya
05-03-2025
- Business
- Zawya
Saudi-listed MEPCO breaks ground on $474mln new paper production line
Saudi-listed Middle East Paper Manufacturing and Production Company (MEPCO) has started construction on its fifth paper production line (PM5). The project will be managed by Al Tadweer Al Akhdar, a fully-owned subsidiary of MEPCO, the Saudi-listed company said in a statement on Wednesday. PM5 will double the total production capacity from 425,000 tonnes to 875,000 tonnes annually. In a filing to the Saudi stock exchange in April 2024, the company set the project's final budget at 1.78 billion Saudi riyals ($474.6 million), including land value. The internal rate of return was estimated at 14.5 percent, with completion expected in the fourth quarter of 2027. The new production line will enable MEPCO to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines. PM5 is set to double revenue, create new job opportunities, stimulate economic growth, and support local businesses by prioritising local sourcing and strengthening domestic supply chain, the statement said. Moreover, PM5 will divert an additional 500,000 tonnes of paper waste from landfills annually, raising MEPCO's total to 1 million tonnes of repurposed paper waste annually. (Editing by Anoop Menon) (
Argaam
05-03-2025
- Business
- Argaam
MEPCO breaks ground on 5th paper production line
The Middle East Paper Manufacturing and Production Co. (MEPCO) laid the foundation stone for its fifth production line (PM5), the largest of its kind in the Middle East. In a statement to Argaam, the company said the project will be managed by Al Tadweer Al Akhdar Industrial Co., a wholly owned subsidiary of MEPCO. The new PM5 line will double MEPCO's total production capacity from 425,000 tons to 875,000 tons annually. The new production line will produce high-quality, lightweight paper using energy-efficient technologies that lower operating costs. PM5 line will offer regional businesses competitive local alternatives, reducing Saudi Arabia's reliance on imported containerboard by 30% and pushing the kingdom toward net-exporter status in the paper sector. Under Al Tadweer Al Akhdar's management, the project will convert an additional 500,000 tons of wastepaper annually. This move will raise MEPCO's total recycled waste utilization to 1 million tons per year. The project involves building a new containerboard paper mill (PM5), with an annual capacity of 450,000 tons, according to data available with Argaam. The facility will rely on recycled paper as its primary raw material, with a total investment of approximately SAR 1.78 billion.
Saudi Gazette
03-03-2025
- Business
- Saudi Gazette
MEPCO lays the Foundation for PM5: A Groundbreaking Leap in Paper Production, doubling Supply Capacity and introducing Superior-Quality Paper to the Region
The Middle East Paper Manufacturing and Production Company ('MEPCO'), the leading company in the region's paper industry, announced the laying of the foundation for its 5th paper production line (PM5), the largest of its kind in the Middle East, as part of its strategic plan to strengthen Saudi Arabia's role in the global paper market. The new production line (PM5) will double MEPCO's total production capacity from 425,000 tons to 875,000 tons annually, strengthening its market position and establishing its dominance in the region. PM5 will enable MEPCO to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines. By closing the gap on the Kingdom's 30% reliance on imported containerboard, PM5 will empower Saudi Arabia to meet its own demand and become a net-positive exporter of paper products. The impact goes beyond numbers: PM5 is set to double MEPCO's revenue and reinforce its leadership in the regional market. It will create new job opportunities, stimulate economic growth, and support local businesses by prioritizing local sourcing and strengthening the domestic supply chain, ensuring that the impact of this project extends beyond MEPCO's factory will divert an additional 500,000 tons of paper waste from landfills every year, raising MEPCO Group's total to 1 million tons of repurposed paper waste annually, a major milestone in advancing the company's circular economy "PM5 is about the impact it brings to the whole value chain. Doubling our production capacity will significantly boost MEPCO's revenue and create new job opportunities across the value chain. With PM5, we are introducing low-basis weight paper, a first of its kind in the region, offering superior quality and a competitive alternative to imports. Our focus remains on sustainable growth, combining innovation and operational excellence to drive both economic and environmental progress."Added:" PM5 marks a transformative leap for MEPCO and Saudi Arabia's paper industry. This investment expands our capacity, strengthens the national supply chain, and drives the Kingdom's shift from importer to net-positive exporter, reinforcing Saudi Arabia's global competitiveness. It's a bold step that aligns with Vision 2030, accelerating economic diversification and advancing sustainability."
Zawya
03-03-2025
- Business
- Zawya
MEPCO lays the foundation for PM5
PM5 will double MEPCO's annual production capacity to 875,000 tons of paper. The project will bridge the 30% import gap, advancing Saudi Arabia's Vision 2030 net-export strategy. With the new production line, recycled paper waste will reach one million tons annually, supporting the production of high-quality paper products. Jeddah, Saudi Arabia: The Middle East Paper Manufacturing and Production Company ('MEPCO'), the leading company in the region's paper industry, announces the laying of the foundation for its 5th paper production line (PM5), the largest of its kind in the Middle East, as part of its strategic plan to strengthen Saudi Arabia's role in the global paper market. The project is being managed by Al Tadweer Al Akhdar, a fully-owned subsidiary of MEPCO, dedicated to advancing innovative and sustainable paper production solutions. The new production line (PM5) will double MEPCO's total production capacity from 425,000 tons to 875,000 tons annually, strengthening its market position and establishing its dominance in the region. This milestone marks a new era for the company by expanding capacity while introducing a product never before produced in the region. PM5 will enable MEPCO to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines. This cost-effective alternative will eliminate the need for regional buyers to rely on imports, offering a competitive, locally-produced solution. By closing the gap on the Kingdom's 30% reliance on imported containerboard, PM5 will empower Saudi Arabia to meet its own demand and become a net-positive exporter of paper products. But the impact goes beyond numbers: - Economic Growth: PM5 is set to double MEPCO's revenue and reinforce its leadership in the regional market. It will create new job opportunities, stimulate economic growth, and support local businesses by prioritizing local sourcing and strengthening the domestic supply chain, ensuring that the impact of this project extends beyond MEPCO's factory walls. - Sustainability: PM5 will divert an additional 500,000 tons of paper waste from landfills every year, raising MEPCO Group's total to 1 million tons of repurposed paper waste annually, a major milestone in advancing the company's circular economy efforts. Eng. Faisal Alawi Haddawi, Group President of MEPCO, Commented: "PM5 is about the impact it brings to the whole value chain. Doubling our production capacity to 875,000 tons annually will significantly boost MEPCO's revenue and create new job opportunities across the value chain. With PM5, we are introducing low-basis weight paper, a first of its kind in the region, offering superior quality and a competitive alternative to imports. Our focus remains on sustainable growth, combining innovation and operational excellence to drive both economic and environmental progress." Musab Sulaiman Al-Muhaidib, Chairman of the Board of Directors of MEPCO, Added: "The launch of PM5 marks a transformative leap for MEPCO and Saudi Arabia's paper industry. This investment expands our capacity, strengthens the national supply chain, and drives the Kingdom's shift from importer to net-positive exporter, reinforcing Saudi Arabia's global competitiveness. It's a bold step that aligns with Vision 2030, accelerating economic diversification and advancing sustainability. About MEPCO: Middle East Paper Company (MEPCO) (Tadawul: 1202) is a leading publicly listed paper manufacturer in Saudi Arabia, specializing in containerboard and specialty paper products. With an annual production capacity of 425,000 tons, soon to reach 875,000 tons with the introduction of PM5, MEPCO exports to over 40 countries, leveraging its strategic location near Jeddah Sea Port for efficient global distribution. Committed to sustainability, MEPCO sources raw materials through its subsidiaries: Waste Recycling and Collection Co. (WASCO) and Estidama for Environmental Services, a joint venture between WASCO and Jeddah Development and Urban Regeneration Company. These partnerships drive MEPCO's efforts in environmental preservation, waste recycling, and economic growth. In 2024, the Public Investment Fund (PIF) acquired a 23.08% stake, reinforcing confidence in MEPCO's industry leadership and future growth.
