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.

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.

DISCOS Seek Tariff Hike After Rupee Devaluation

ISLAMABAD: Ex-Wapda distribution companies (Discos) have sought about 44 paisa per unit increase in consumer tariff on account of monthly fuel price adjustment due to currency devaluation and higher international oil prices despite healthy contribution from cheap renewables.

Shanghai Power Committed to Buying K-Electric

KARACHI: The Shanghai Electric Power Ltd (SEPL) has sought the government’s support in accelerating the process of regulatory approvals to facilitate the completion of Sale-Purchase Agreement (SPA) of majority shares in K-Electric Ltd (KEL).

Abraaj Founder Sought to Buy Influence With Sharifs, Says WSJ

KARACHI: Arif Naqvi, the embattled founder of Dubai-based Abraaj Group, allegedly paid $20 million to businessman Navaid Malik for his assistance in securing cooperation of Sharif brothers for K-Electric sale, claims an article published in The Wall Street Journal (WSJ) on Tuesday.

Public Hearing Karachi Bus Rapid Transit Project Redline

KARACHI: At a time when work on two major transport projects Green Line and Edhi Line in the city has already been delayed, the Sindh government presented the environmental impact assessment (EIA) report of a third mass transit project Red Line at a public hearing on Tuesday.

AGM Press Release to be Issued

Pakistan State Oil Company Limited, the country’s largest oil marketing company, held its 42nd Annual General Meeting (AGM) in Karachi where it shed on light on recent achievements and consistent growth trends in spite of some grave industry challenges. The meeting was chaired by Mr. Jahangir Ali Shah

ICRC Joins Hands With CEJ-IBA to Organize 2nd Humanitarian Reporting Awards

Karachi – October 16, 2018: The International Committee of the Red Cross (ICRC) is all set to organize ‘Humanitarian Reporting Awards 2018’ in coordination with the Centre for Excellence in Journalism (CEJ) at the Institute of Business Administration

ECC Likely to Rule On Power Tariff Hike, K-Electric Sale

ISLAMABAD: The government has called a meeting of the Economic Coordination Committee (ECC) today to take a decision on the electricity tariff increase it had deferred on Oct 2 owing to by-elections.

Denmark Offers Financing for Wind Energy Projects Of Pakistan On Most Concessional Terms

Karachi: Denmark aiming for 100 per cent electricity generation on basis of renewable energy resources by the year 2030, has offered to finance new wind power projects in Pakistan on most concessional and lucrative terms in order to help the latter to have least reliance on expensive fossil fuels for power production. “What we can offer you is financing for your wind power projects that will

Excluded From the Power Equation

OUR rural population without access to electricity deserves more empathy from policymakers. The politics of loadshedding in Pakistan revolve around the demand-supply gap and the frequency and duration of power cuts in urban centres. While power supply has improved over the last few years, it came at the cost of neglecting millions of rural households which have no access to modern energy services.

Pakistan Should Set Target to Generate Minimum 30 Per Cent Power on Renewable Resources in 5-7 Years

Karachi, October 11: Pakistan should set target of generating at least 30 per cent of its electricity on basis of renewable energy in next five to seven years as this is the only way for the country

MOL Group’s EVP Meets Top Government Officials; Discuss Energy Prospects

Karachi – October 10, 2018: The Executive Vice President Upstream MOL Group Dr. Berislav Gaso has visited Pakistan in what comes as a significant development in strengthening Pakistan’s energy sector and promoting Public Private Partnership.

Third International Wind Energy Summit on 11th to Discuss Growth Of Alternative Power Sector

Karachi: As energy generation in the country exclusively on basis of renewable resources crosses the 01 Gigawatt mark, the third International Wind Energy Summit-2018 is being held here on October 11 (Thursday) to discuss in detail strategies to be adopted to harness the alternative source of power abundantly available in Sindh.

Egypt Could Meet More than 50% of its Electricity Demand with Renewable Energy

Cairo, Egypt, 9 October 2018 — Egypt has the potential to generate up to 53 per cent of its electricity from renewable sources by 2030, according to a new report by the International Renewable Energy Agency (IRENA).

OGRA Notifies Up To 143pc Increase In Gas Prices

ISLAMABAD: After three weeks of hiatus, the government on Thursday notified up to 143 per cent increase in natural gas tariff with the aim of generating about Rs111 billion. The federal cabinet had approved the tariff increase on Sept 17. On Thursday, the Oil and Gas Regulatory Authority (Ogra) issued for the formal notification with back dated effect from Sept 2

IMF Calls For Further Hike In Gas, Power Tariffs

WASHINGTON: Pakistan is facing significant economic challenges, with declining growth, high fiscal and current account deficits and low levels of international reserves, says a report released

Sindh Govt To Establish Its Own Grid System To Improve Power Distribution In Province

Karachi, October 03: Sindh Government is working on a plan to establish its own grid system in order to remarkably improve distribution of electricity for the benefit of power consumers in the province.

Sindh Legal Advisory Call Centre Launched

Karachi, October 03, 2018: The Law Department, Government of Sindh has launched the “Sindh Legal Advisory Call Centre (SLACC)” under a project titled the Legal Empowerment of People Programme in Sindh (LEPPS). The SLACC was launched by Barrister Murtaza Wahab, Advisor for Law, Government of Sindh and Mr. Shariq Ahmed, Secretary Law and Parliamentary Affairs, Government of Sindh.

Power Theft Reached Over Rs53bn In 2017-18

KARACHI: The estimated cost of power theft during 2017-18 is over Rs53 billion, reveals a report of the Senate Committee on Circular Debt.

ECC Defers Decision on Power Tariff Hike Till By-Elections

ISLAMABAD: The Economic Coordina¬tion Committee (ECC) of the cabinet has deferred the decision on in¬creasing electricity tariff owing to coming by-elections and allowed export of one million tonnes of sugar and increase in tobacco cess.

High Level Renewable Energy Conference to Advance Low-Carbon Development in Egypt

Release of IRENA’s ‘Egypt Renewable Energy Outlook’ will be key focus of co-organised three-day conference in Cairo next month

Tourism Malaysia Participates In Pakistan Travel Mart & Wows Pakistan By Organising Food And Culture Promotion

KARACHI, PAKISTAN, 1 October 2018 – Malaysia is bringing its food and cultural attractions to entice more Pakistani tourists to the country. The effort is being made during Tourism Malaysia’s participation in the 2nd Pakistan Travel Mart (PTM) from 2 to 4 October 2018 at the Karachi Expo Centre

Pakistan, Russia to ink $10 Billion Offshore Pipeline Deal

ISLAMABAD: In a major breakthrough, Pakistan and Russia are set to sign a $10-billion offshore gas pipeline deal on September 27 in Moscow, a project planned by the latter to capture the energy market of Pakistan.

The High Price of Producing Electricity With Coal

It is a hot and humid day and the electricity is out in the small village of Chak 76-5R. Local lambardar, Tariq Tufail, is sitting on a charpoy outside his house surrounded by other villagers. They are using Chinese handheld fans to cool themselves. The irony is that the village is located under the shadow of a newly set-up coal power plant owned by a Chinese firm, Huaneng Shandong Ruyi.