Energy Update

Welcome to Energy Update

Energy Update, a magazine launched in May 2006 to cater to the burgeoning energy sector of Pakistan. This is the only trade magazine on Energy in our country, and our aim is to become a 'voice of the energy industry.

When Energy Update started out on its journey to become a publication dedicated to the energy sector in Pakistan, it set before itself the high aim of becoming the voice of the energy industry.The magazine focusing on the developments in the global energy sector, with particular interest to Pakistan, and will also be covering developments in the alternate energy, especially CNG/ NGV, of which Pakistan is the largest consumer in the world.

ECC Moves To Revamp Gas Price Incentives For Export Sector

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved mechanism for payment of subsidy on account of lower gas price of $6.5 per unit to export industry and also ordered to have a proper definition of export oriented sector to avoid misuse of public funds.

Sindh Seeks Support of NGOs, Industrial, Corporate Sectors To Plant One Billion Trees

The Sindh government has sought active support of the concerned industrialists, businessmen, and non-governmental organizations to promote the concept of urban forestry in Karachi under which extensive tree plantation will be done on both sides of Malir and Lyari Rivers.

KP, Centre At Odds Over Hydel Payment Formula

PESHAWAR: A war of words has erupted between the Khyber Pakhtunkhwa and federal governments over the latter’s reluctance to agree to the settlement of net hydel profit (NHP) share of the province in line with the AGN Kazi formula.

Thar Foundation Donates 100k Saplings to Sindh Forest Dept. under Thar Million Tree Program

ISLAMKOT, August 05: In a major push for increasing green cover, Thar Foundation – the CSR front for Sindh Engro Coal Mining Company (SECMC) & Engro Powergen Thar Limited (EPTL) – has announced a collaboration with the Sindh Forest Department for plantation of 100,000 saplings across the province.

CNG, LPG Use by Public Transport Banned

ISLAMABAD: The Oil & Gas Regulatory Authority (Ogra) on Monday imposed a ban on the use of comp¬re¬ssed natural gas (CNG) and liquefied petroleum gas (LPG) by all public service vehicles (PSVs), including school vans, to ensure “safety of public life and property”.

LIEDA Issued Licence For Power Distribution

QUETTA: The National Electric Power Regulatory Authority (Nepra) on has issued licence of power distribution company (Disco) to Lasbela Industrial Estate Development Authority (LIEDA).

Climate Change Makes July Hotter By Up to 3 Degrees C

PARIS: The record-shattering heatwave that baked much of northern Europe last month was likely between 1.5 to 3.0 degrees Celsius hotter due to man-made climate change, an international team of scientists said on Friday.

Inflation Hits Double Digits After Nearly Six Years

ISLAMABAD: Inflation has entered double digits in the first month of the new fiscal year, the biggest increase in five years and nine months.

Discos Directed To Replace Faulty Transformers

ISLAMABAD: Taking serious notice of widespread irregularities, the National Electric Power Regulatory Authority (Nepra) has ordered all the distribution companies (Discos) to streamline their affairs and ensure

Substantial Rise In Prices Of Petroleum Products Proposed

ISLAMABAD: Amid slight reduction in international crude price, the government is likely to approve a substantial increase in the prices of all petroleum products for next month.

Names of 3.26m Power Consumers Missing From Sales, Income Tax Records

ISLAMABAD: Amid record fiscal deficit and declining government revenues, names of as many as 3.26 million power consumers have been found to be missing from the sales tax and income tax records.

Rs200bn To Be Raised For Circular Debt Payment

ISLAMABAD: Amid ongoing probes into dollar-based tariff indexations, ‘unnatural profits’ in the power sector and last year’s capacity payments of over Rs466 billion, the government will be raising about Rs200bn through Islamic bonds next month to reduce circular debt after securing about Rs11bn relief from independent power producers (IPPs).

Inquiry Commission Proposed To Examine Profits Of IPPs

KARACHI: The State Bank of Pakistan (SBP) has extended the financing scheme for renewable energy (RE) to June 30, 2022. The central bank on Friday said the financing scheme, which was launched in June 20, 2016 and expired at the end of FY19, had now been extended after consultation with the stakeholders.

Financing Scheme For RE Projects Extended

Solar Power System Prices Go Up

KARACHI: Despite sharp increase in the price of panels, inverters, dry batteries etc due to the steep rupee devaluation, the demand for solar power systems remains robust across the country amid higher electricity tariffs.

Opposition, Govt Disagree Over Nepra Appointments

ISLAMABAD: The senators belonging to opposition parties have opposed a bill suggesting that the federal government should be empowered to appoint the chairman and members of the National Electric Power Regulatory Authority (Nepra).

Regulator Declares OCAC’s Procurement Process Illegal

ISLAMABAD: The Competition Commission of Pakistan (CCP) has ruled the entire process for procurement of Fuel Marking Company by the Oil Companies Advisory Council (OCAC) as illegal.

Govt Set To Revive Wb-Proposed Gas Reforms Amid Resistance From Provinces

ISLAMABAD: The government has revived the World Bank-supported gas sector reforms left unfinished by former Prime Minister Shahid Khaqan Abbasi amid resistance from provinces.

Debt Probe Body Quizzes Independent Power Producers Over ‘Higher’ Profits

ISLAMABAD: With the power sector circular debt in excess of Rs900 billion, independent power producers (IPPs) were questioned by the Inquiry Commission on Debt (ICD) on Monday about their purported higher than permissible profit margins.

Karachi Suffers Major Power Breakdown

KARACHI: The city suffered a major power breakdown late on Monday night after it received intermittent showers earlier in the day. The power breakdown occurred at around 11pm, plunging many areas of the city into darkness. Power supply in most of these areas could not be restored till late night.