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.

Coca-Cola and WWF-Pakistan Introduce Their First Ever Plastic Recovery Initiative in Lahore

Coca-Cola and WWF-Pakistan introduce their first ever plastic recovery initiative in Lahore Lahore, October 14, 2019: As part of a joint initiative on tackling plastic waste pollution in Pakistan, Coca-Cola and WWF-Pakistan introduced their first ever plastic recovery facility

Discovery Of Gas Condensate At Togh Well # 01

The joint venture of Kohat E.L Comprising of Oil & Gas Development Company Limited (OGDCL) as Operator (50%), Mari Petroleum Company Limited (MPCL) (33.33%) & Saif Energy Limited (SEL) (16.67%) has discovered Gas & Condensate from

SNGPL Warns Of Huge Fuel Related Costs If LNG power Plants Sold

ISLAMABAD: Voicing serious risks to its financial viability, the Sui Northern Gas Pipelines Ltd (SNGPL) has opposed the privatisation of two LNG-based government power plants (GPPs) of 2,640MW without absolving it of “take or pay” contracts with foreigner and local LNG suppliers.

ARE Policy 2019: AEDB Approves, Sends Policy Draft to CCI for Approval

ISLAMABAD: The Alternative Energy Development Board (AEDB) on Thursday approved and referred the draft policy for Alternative and Renewable Energy, 2019 to the Council of Common Interests (CCI) for approval. The board that met here with Omar Ayub Khan, Federal Minister for

NEPRA Awards Two Licences For Renewable Energy Generation

KARACHI: The government has awarded licences to two foreign companies for wind and solar energy generation of cumulative 23.8 megawatts with the two projects estimated to cost around $30 million, an official document showed.

Gas Companies Prepare Rs55bn Subsidy Bill For Winter Supplies

ISLAMABAD: Winter gas supplies face growing challenges as the Sui Southern Gas Company Ltd and Sui Northern Gas Pipelines Ltd, also known as “the Sui sisters", could require up to Rs55 billion in subsidies to divert expensive imported Liquefied Natural Gas (LNG) to meet demand from domestic consumers.

LNG Imports Avert Repeat of Energy Crisis

KARACHI: The import of liquefied natural gas (LNG) has saved Pakistan from a massive energy crisis, which the country faced a few years ago, said a key government official.

Active Circular Debt of Pakistan's Power Sector Hits Rs860b

ISLAMABAD: The Senate Standing Committee on Power was informed on Tuesday that the energy sector’s active circular debt had surged to Rs860 billion and efforts were being made to curtail it.

Govt Plans Flat Electricity Rate For Winter

ISLAMABAD: Facing a capacity trap, the government plans to introduce a relatively cheaper flat rate for electricity consumers in winter months to encourage higher power consumption. The move comes amid declining electricity consumption as ‘peak hours’ in summer turn into ‘lean hours’ in winter and power companies are unable to utilise the fuel the government orders for running power plants.

Pakistan's Finance Division Refuses Guarantee to LNG Importer

ISLAMABAD: The Finance Division has turned down a request of state-run Pakistan LNG Limited (PLL) for additional guarantees worth $150 million in the wake

MT's 14th LPG Trade Summit - on 5-6 November, 2019, in Athens - Spotlights on LPG

CMT's 14th LPG Trade Summit - on 5-6 November, 2019, in Athens - spotlights on LPG markets in Europe, USA, LATAM, China, India, Bangladesh as well as LPG freight and shipping market particularly VLGC and the impact of IMO 2020.

Pakistan Draws Up Plan To Add 74,448MW To National Grid By 2040

KARACHI: Pakistan cannot accelerate economic growth without a robust power production and supply system in place. Therefore, it has chalked out a comprehensive plan to develop 120 new power projects in a bid to add 74,448 megawatts

Cheaper Electricity In Winter How And Why?

ISLAMABAD: Energy costs and tariffs have been increasing and may further go up. There is a need to explore ways and means for reducing these, wherever a reasonable opportunity exists.

Minister Blames PML-N Govt For Power Tariff Hike

ISLAMABAD: Energy Minister Omar Ayub Khan on Thursday said the government had increased power tariff by 83-paisa per unit to generate about Rs80 billion in additional revenue for power companies, but blamed the previous Pakistan Muslim League-Nawaz government for the hike.

UAE Invest 5bn Refinery Project in Pakistan By End Of 2019: Report

The United Arab Emirates (UAE) will invest $5 billion in an oil refinery project in Pakistan by the end of the year, Arab News reported on Friday.

Massive Tariff Hike To Raise Rs125bn For Power Sector

The government has decided to re-determine tariffs of all those renewable energy projects which had been granted tariffs more than a year, aimed at making their tariffs as per market environment, well-informed sources told Business Recorder..

Tariffs Of Renewable Energy Projects To Be Re-Determined

Hydel Power Production Hits Historic High

Pakistan’s hydroelectric power production hit a historic high at 5,668 gigawatt-hours (GWh) in August 2019 as the environment-friendly and cheap energy resource made a major contribution to the total energy mix.

KE Awards $425mln Contract For 900mw Power Plant

KARACHI: K-Electric (KE) has awarded around $425 million of contract to a joint venture of Chinese and German firms to build a combined cycle power plant with an installed capacity of 900 megawatts, the utility said on Thursday.

NEPRA Says K-E Installed ‘Dynamites’ In Karachi

The National Electric Power Regulatory Authority (Nepra) has said the K-Electric – the private power distribution company that supplies electricity to Karachi – has installed ‘dynamites’ in the city in the name of improving its distribution network.