Latest news with #Multi-Year
Business Recorder
3 days ago
- Business
- Business Recorder
Nepra's decisions on KE tariffs: Power Div. flags potential consumers harm, urges revision
ISLAMABAD: The Power Division on Wednesday announced plans to file reviews of the National Electric Power Regulatory Authority's recent decisions regarding K-Electric tariffs, warning that parts of the rulings could have negative consequences for consumers if not revised. Power Minister Sardar Awais Khan Leghari took to X (formerly Twitter) to express concerns about Nepra's decisions announced during the last few days that have drawn strong reactions from the ministry. The minister's remarks came at a time when Nepra, which by law is the power sector regulator, feels helpless in implementing its directions issued to Power Division and its affiliated organizations. NEPRA approves K-Electric's MYT for supply segment Last month, during a public hearing on IEECO's Multi-Year Tariff petition , Member (Tech) Rafique Ahmad Shaikh, asked Power Division to get rid of Chief Executive Officer (CEO), for poor performance. Similar positions were seen in other Discos and NTDC, which irritated the Authority during public hearings. 'The Ministry has serious concerns regarding Nepra's multiple determinations related to K-Electric's licenses for generation, transmission, distribution, and supply. These decisions also impact the investment plan for the upcoming multi-year tariff period,' said the Power Minister. Leghari emphasized that the rulings have significant long-term implications for consumer tariffs and the Federal Government's subsidy framework under the uniform tariff regime. 'The ministry is preparing to seek a review of the recent determinations concerning transmission, distribution, and supply. Additionally, the reconsideration of an earlier generation tariff decision — submitted back in December 2024—still awaits Nepra's attention. This delay poses serious financial risks for the power sector and its associated subsidies,' he added. The minister further cautioned that unresolved issues within Nepra's rulings could negatively affect consumers and the broader regulatory environment, potentially deterring private sector investment in the distribution sector. According to a power sector expert, Nepra's annual recovery loss allowance of Rs 40 billion granted to K-Electric—totaling over Rs 320 billion across seven years. Another insider sarcastically stated that 'Minister seems super happy on Nepra's determinations'. Another expert stated that real challenge is rampant power theft and non-recovery of electricity bills in the country. On the governance side, however, the proposed bill to classify electricity theft as a criminal offense was recently rejected by lawmakers. As a result, Discos are left with no option but to recover their legitimate business costs from paying consumers — a practice observed across the country. Power Division wants to review Nepra's recent tariff determinations for K-Electric, consumers across Pakistan, including those in Karachi, already burdened with the PHL surcharge due to the continued non-recovery of dues from other government-owned Discos. The Nepra's determinations on KE Multi-Year Tariff petitions are actually removing such disparities currently present in Pakistan's power sector. Also, unlike KE previous multiyear tariff for 2017-23, there is a periodic review mechanism built in the tariff for the period 2023-30. Copyright Business Recorder, 2025
Business Recorder
3 days ago
- Business
- Business Recorder
Nepra's decisions on KE tariffs: PD flags potential consumers harm, urges revision
ISLAMABAD: The Power Division on Wednesday announced plans to file reviews of the National Electric Power Regulatory Authority's recent decisions regarding K-Electric tariffs, warning that parts of the rulings could have negative consequences for consumers if not revised. Power Minister Sardar Awais Khan Leghari took to X (formerly Twitter) to express concerns about Nepra's decisions announced during the last few days that have drawn strong reactions from the ministry. The minister's remarks came at a time when Nepra, which by law is the power sector regulator, feels helpless in implementing its directions issued to Power Division and its affiliated organizations. NEPRA approves K-Electric's MYT for supply segment Last month, during a public hearing on IEECO's Multi-Year Tariff petition , Member (Tech) Rafique Ahmad Shaikh, asked Power Division to get rid of Chief Executive Officer (CEO), for poor performance. Similar positions were seen in other Discos and NTDC, which irritated the Authority during public hearings. 'The Ministry has serious concerns regarding Nepra's multiple determinations related to K-Electric's licenses for generation, transmission, distribution, and supply. These decisions also impact the investment plan for the upcoming multi-year tariff period,' said the Power Minister. Leghari emphasized that the rulings have significant long-term implications for consumer tariffs and the Federal Government's subsidy framework under the uniform tariff regime. 'The ministry is preparing to seek a review of the recent determinations concerning transmission, distribution, and supply. Additionally, the reconsideration of an earlier generation tariff decision — submitted back in December 2024—still awaits Nepra's attention. This delay poses serious financial risks for the power sector and its associated subsidies,' he added. The minister further cautioned that unresolved issues within Nepra's rulings could negatively affect consumers and the broader regulatory environment, potentially deterring private sector investment in the distribution sector. According to a power sector expert, Nepra's annual recovery loss allowance of Rs 40 billion granted to K-Electric—totaling over Rs 320 billion across seven years. Another insider sarcastically stated that 'Minister seems super happy on Nepra's determinations'. Another expert stated that real challenge is rampant power theft and non-recovery of electricity bills in the country. On the governance side, however, the proposed bill to classify electricity theft as a criminal offense was recently rejected by lawmakers. As a result, Discos are left with no option but to recover their legitimate business costs from paying consumers — a practice observed across the country. Power Division wants to review Nepra's recent tariff determinations for K-Electric, consumers across Pakistan, including those in Karachi, already burdened with the PHL surcharge due to the continued non-recovery of dues from other government-owned Discos. The Nepra's determinations on KE Multi-Year Tariff petitions are actually removing such disparities currently present in Pakistan's power sector. Also, unlike KE previous multiyear tariff for 2017-23, there is a periodic review mechanism built in the tariff for the period 2023-30. Copyright Business Recorder, 2025
Associated Press
4 days ago
- Business
- Associated Press
Star Copper Mobilizes 2025 Summer Exploration Targeting Expansion of Existing Discovery
Company set to build asset value in prolific 'Golden Triangle' VANCOUVER, BC / ACCESS Newswire / May 27, 2025 / Star Copper Corp. (CSE:STCU)(OTC PINK:STCUF)(FWB:SOP) ('Star Copper' or the 'Company'), a Canadian resource exploration and development company, is pleased to announce that equipment and crew have been mobilized to shortly commence drilling and other exploration activities in the field. Today's news officially kicks off Star Copper's 2025 drill plans at its flagship asset, the Star Project, located in the heart of the prolific industry recognized 'Golden Triangle' of northwestern British Columbia. The Star Project spans 6,829 hectares and is 100% owned by Star Copper. The property, and this current exploration program, are fully permitted under a Multi-Year Area-Based (MYAB) Notice of Work, enabling current and future exploration. Situated in a tier-one jurisdiction, the project boasts over $10 million in historical exploration efforts, including geophysical and geochemical surveys, trenching, soil sampling, and more than 13,000 meters of drilling from 49 diamond drill holes, which have confirmed the presence of a calc-alkalic porphyry copper-gold system. The campaign builds upon a significant historical exploration database and incorporates newly reinterpreted magnetic data to guide the next phase of high-impact drilling. Additionally, the Company will be looking to test the contiguous Star North and Star East claims through targeted sampling and trenching to confirm the geotechnical work which indicates similar characteristics to the Star Main deposit. Darryl Jones, Star Copper's CEO, comments, 'Embarking on our maiden program at Star is an exciting time for our shareholders, as this property has remained amazingly untouched in more than a decade. Our team's efforts to-date lead us to believe that the Star Project holds significant potential based on the inherent mineralization characteristics and geological trend data evident throughout the property. We are very eager to advance the Star North and East projects to further deliver potentially new discoveries aimed at unlocking the true value of the Star Project for our company, stakeholders, and shareholders alike.' 2025 Exploration Overview The fully funded $2.5 million campaign is scheduled to run until August 15, 2025, and incorporates a strategic plan already underway with the field crew currently moving to build a base camp supported by full onsite logistical capabilities. Once established, the team will situate new drill pads to undertake a 3,500-metre diamond drill core sampling program based on six drill holes with an additional 650 metres of contingency drilling allocated. Key program objectives include: Expanding the known mineralized envelope of the Star Main zone Testing deeper porphyry potential and structural offsets Following up on mineralization associated with the recently modeled Star Fault Drill Targeting Basis The program will utilize integrated 3D inversion modeling of 2013 airborne magnetic data, which was completed by Ronacher MacKenzie Geoscience. The new geophysical interpretation, along with trench mapping and core analysis, has confirmed a complex left-lateral strike-slip system and defined key structural features identified as: The Star Fault: A mineralized thrust-related structure that segments higher-grade mineralization in the northeast and offsets deeper mineralization to the southwest. The Dick Creek Fault and Hackett Valley Fault: Large-scale regional fault corridors that outline the structural controls of mineral emplacement. The refined modeling is being used to position drill holes to test both near-surface and deep mineralization, including areas previously untested by drilling. Selected Drill Targets for 2025 The planned holes include follow-ups on the following successful historical intercepts: Hole S025: 200m @ 0.49% Cu, 0.24 g/t Au Hole S027: 263m @ 0.39% Cu, 0.12 g/t Au Hole S029: 81m @ 0.35% Cu, 0.18 g/t Au Hole S040: 120m @ 0.36% Cu, 0.13 g/t Au Hole S023: 100m @ 0.47% Cu, 0.19 g/t Au Historic Collar Table UTM 9N HOLE ID Easting Northing Elevation Depth Azimuth Dip S023 339876 6458313 1140 293 45 -80 S025 339933 6458268 1127 410 270 -85 S027 339749 6458236 1104 598 0 -90 S029 339814 6458170 1072 470 30 -75 S040 339696 6458304 1108 472 0 -90 Please refer to the Company's February 26, 2025 technical report on the Star Project for more information in respect of the project, including historical drilling, available under the Company's profile at Once constructed, the new drill pads will also test untested magnetic anomalies, soil geochemical highs, and deep extensions of chargeability zones with the goal of expanding the known deposit at Star, both laterally as well to depth. Drill holes have not exceeded 660m in previous programs but the mineralization down hole shows the potential for much deeper targeting. The extensive supergene zone discovered at surface is exceptionally rare and the Company is excited to enhance the historic drilling with its own program this summer. Qualified Person Jeremy Hanson, P. Geo., a Qualified Person as that term is defined under NI 43-101, is an advisor to the Company and has reviewed and approved the technical aspects of this news release. About Star Copper Corp. (CSE:STCU)(OTC PINK:STCUF)(FWB:SOP / WKN A416ME) Star Copper Corp. is a Canadian-based exploration and development company focused on developing high-potential copper projects in mining-friendly jurisdictions. The Company aims to advance its British Columbian flagship Star Project where significant exploration work including historical drilling has confirmed open mineralization at depth and in all directions. Star Copper's strategic plans include geological mapping and geophysical surveys to refine existing targets, diamond drilling programs to test high-priority zones,environmental baseline studies and permitting groundworkalongside data analysis and resource modeling to support a future NI 43-101 compliant resource estimate. The Company further plans to advance its Indata Project with follow-up drilling to expand on previous high-grade copper and gold intercepts, trenching and surface sampling to delineate mineralized zones,and infrastructure improvements for site accessibility and operations. With a commitment to sustainable development and value creation, Star Copper is positioned to pursue its goal of supporting surging industrial demand to meet growing global electrification needs. For more information visit: and to sign up for free news alerts please go to , or follow us on X (formerly Twitter), Facebook or LinkedIn. On Behalf of the Board of Directors ~Darryl Jones~ Darryl Jones CEO, President & Director Star Copper Corp. Investor Relations Star Copper Corp. Email: [email protected] Web: Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as 'will', 'may', 'should', 'anticipate', 'expects' and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements regarding the proposed exploration of the Star Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to market conditions and the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law. SOURCE: Star Copper Corp. press release
