Energy Update

News Line

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.

Rs53bn Bailout Packages for PIA, Power Companies Approved

ISLAMABAD: Federal Minister for Finance Asad Umar chairs a meeting of the Economic Coordination Committee on Monday.—INP ISLAMABAD: The government on Monday approved Rs53 billion bailout packages for the bleeding national airline and power companies to avoid a halt to their operations.

Gas Bills On Old Tariff, No Word On Subsidy: SNGPL

LAHORE: Sui Northern Gas Pipeline Ltd (SNGPL) says that the decision to provide gas to the zero-rated sectors – textile, carpets, leather, sports and surgical – is subject to provision of subsidy in line with the billing and financial support mechanism clearly explained in the finance ministry’s letter.

ECC Takes Up Gas Load Management Plan Today

ISLAMABAD: The government has called a meeting of the Economic Coordination Committee (ECC) of the cabinet on Monday to take up gas load management plan for the winter as complaints of low gas pressure and supply shortages have started to pour in.

Sindh Engro Seeks Reduction in Returns on Energy Projects

THAR: Ahead of energisation of the first Thar coal-based 660MW power project, the Sindh Engro Coal Mining Company (SECMC) — a public-private enterprise .

Refineries Told To Reduce Harmful Fuel Additive

ISLAMABAD: The government stood firm on Tuesday to enforce the manganese phase-out plan and ordered refineries to reduce its content to 24 milligram per litre of petrol within two days as the Oil and Gas Regulatory Authority (Ogra) disowned its member seeking an extension.

Prices of Petroleum Products May Increase By Up To Rs13

ISLAMABAD: Prices of all petroleum products are expected to increase by up to Rs13 per litre because of steep currency depreciation and higher international oil prices.

IRENA Signs Partnership with Southeast Asian Countries as Region Looks to Scale-Up Renewable Energy

New partnership highlighted in the ASEAN Energy Ministers’ Joint Statement, including plan for immediate action Singapore, 30 October 2018 —

Smart Metering Program Revived

ISLAMABAD: The government has revived the ADB-sponsored Advanced Metering Infrastructure (AMI) programme that was earlier rejected by former power minister in PML-N government over ‘technical shortcomings’.

OGRA, Oil Industry Seek Delay of Manganese Phase-Out Plan

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) and the oil industry have sought postponement of the manganese phase-out plan for local refineries for at least six months to allow the completion of an independent study.

Design for 765kV High Voltage Transmission Line Likely by Year-End

LAHORE: Detailed design for laying the country’s first 765kV high-voltage transmission line is expected to be completed by the end of December, paving the way for a bidding process ahead of launching of civil works on the project before June next year.

More Fire Engines to Be Given to KMC Soon to Enhance its firefighting capabilities: Saeed Ghani

Karachi, October 27: Sindh Local Government Minister Saeed Ghani has said that more fire tenders will be given to the Karachi Metropolitan Corporation very soon in order to enhance its capabilities to do firefighting operations in the city. Sindh Local Govt minister stated this as he met in his office a delegation of National Forum for Environment and Health (NFEH).

Govt Assures Local Producers of Regulating LPG Imports

ISLAMABAD: Petroleum Division (PD) on Friday assured domestic stakeholders of Liquefied Petroleum Gas (LPG) — refineries, marketing and petroleum exploration companies and dealers — to take steps for providing level playing field to both local and imported LPG.

IMC’S Initiates ‘1 Million Tree Plantation’ Drive

KARACHI – 25th October, 2018: In line with the government’s ‘Clean and Green Pakistan’ programme, Indus Motor Company (IMC) has launched the ‘1 Million Tree Plantation’ - a drive aimed at reducing the carbon footprint of the company. It was initiated as part of IMC’s commitment to the protection of the environment and of the community in which it operates.

Malik Denies Influence Buying in Attempted KE Sale

Navaid H. Malik, a well-known businessman, has strongly denied the allegations made against him in the Wall Street Journal and subsequently published in the daily Dawn of October 18, 2018 under the caption: “Abraaj founder sought to buy influence with Sharifs, says WSJ”.

Oil Spill Wreaks Havoc on Charna Island, Mubarak Village

KARACHI / QUETTA: The Environment Protection Agency (EPA) of Balochistan on Thursday ordered private firm to halt operations due to an oil spill in the Karachi’s coastal area surrounding Charna Island.

German Businessmen Keen to Enhance Investment

KARACHI: German businessmen are eager to explore investment and joint-venture opportunities in trade and industry of Pakistan, a foreign official said on Tuesday. “There is a great potential to enhance bilateral trade and we must use this potential,” Ulrich Rieger, a senior ministerial consul from Bavarian State’s Ministry of Economic Affairs said at a meeting with the officials of Karachi Chamber of Commerce and Industry

Power Consumers to Pay Rs1.60 Per Unit More

ISLAMABAD: Consumers of ex-Wapda distribution companies (Discos) faced a cumulative increase of about Rs1.60 per unit (14 per cent) in their electricity tariff owing to two separate but simultaneous decisions by the government and the power regulator on Wednesday.

PM Orders Crackdown On Electricity Theft, Line Losses

ISLAMABAD: The government on Monday ordered a countrywide crackdown on electricity theft and line losses in a bid to create an acceptable environment for a proposed 20 per cent increase in power tariff later this week. This was the crux of two related meetings

Lets Ask Questions About Our LNG Deals

LAUNCHING investigations against investors is a double-edged sword. It ruins the country’s image, shatters investor confidence and scares away fresh investment. Yet this can be politically rewarding when the target is a high value political opponent.

GE Signs Principles of Cooperation to Support the Government’s

Baghdad, Iraq; October 21, 2018: GE (NYSE: GE) signed Principles of Cooperation (POC) with the Iraqi Ministry of Electricity to develop the country’s power sector. The plan is expected to generate up to 14 gigawatts (GW) of power, create up to 65,000 direct and indirect jobs, support the government to realize savings and recoverable

Increased Gas Prices Contributing to Inflation

ISLAMABAD: The Natio¬nal Price Monitoring Committee (NPMC) on Wednesday called rising inflation a challenge while observing that the recent increase in gas prices contributed significantly towards it.