Year: 2019

The electricity generated from these projects would be less than five cents per unit. PM says Pakistan is now on the right path and government now wants to improve the economy of Pakistan. With the aim to battle global warming, Pakistan would set up 360 Megawatts wind power projects at the cost of $450 million, as the country plans to…

Read More

ISLAMABAD: Special Assistant to Prime Minister on Petroleum Nadeem Babar said on Wednesday that the circular debt of power sector will be ended in December 2020, whereas, the government has decided to shut old power plants came to its retirement period. Nadeem Babar made the statement while briefing the National Assembly’s Standing Committee on Privatisation during a session held under…

Read More

ISLAMABAD: The Water and Power Development Authority (Wapda) has signed a Rs52.5 billion contract with a joint venture of General Electric Hydro China and Power China Zhongnan Engineering Corporation for electro-mechanical works of the Dasu hydropower project (stage-I). Dasu hydropower project’s general manager and project director Anwar ul Haque and GEHC deputy general manager Aijun Xu — the authorised representative…

Read More

ISLAMABAD: The Hydrocarbon Exploration Licensing Policy (HELP), a vital document about way forward to self-sufficiency in oil and gas sector authored by an eminent energy expert Engineer Arshad H Abbasi associated with SDPI has pinpointed that Pakistan authorities have so far ignored the area bordering with India, Rajasthan for exploration and production (E&P) activities for oil and gas deposits knowing…

Read More

ISLAMABAD: To meet another target before a mee­ting of the executive board of the International Mone­tary Fund (IMF), the government on Thursday app­roved an increase of 26 paisa per unit in electricity tariff, instead of 15 paisa allowed by the power regulator. This decision was made at a meeting of the Economic Coordination Committee (ECC) of the Cabinet that also…

Read More

BYD, the Chinese multinational company and world’s largest electric vehicles manufacturer with turnover of $250 billion, is all set to enter Pakistan. The development was announced by Pakistan Electric Vehicles & Parts Manufacturers and Traders Association (PEVPMTA) General Secretary Shaukat Qureshi while talking to local media. “Toyota, the world auto giant, for the first time signed an agreement on November…

Read More

ISLAMABAD, Nov 29 (APP):Federal Minister for Power and Petroleum, Omar Ayub Khan on Friday said that the Petroleum sub-Sector offering huge oil and gas exploration opportunities of around 40 new sites for which auction will be conducted in the month of December 2019. In a meeting with German Ambassador Bernhard Schlangheck who called on him at his office, he said…

Read More

ISLAMABAD: Pakistan State Oil (PSO) has scuttled the move of Power Division seeking end to utilisation by RLNG power plants minimum 66 percent supply of imported gas on annual basis guaranteed in the deal saying it is simply not acceptable as it will lead to huge financial losses to the national exchequer and public sector companies involved in LNG supply…

Read More

KARACHI: The use of electric vehicles will reduce fuel cost by 60 percent and it will also resolve environmental issues caused by pollution, Malik Amin Aslam, Advisor to Prime Minister for Climate Change, said on Thursday. Addressing at a press conference, Amin Aslam said that the government had approved first ever Electric Vehicle Policy and the industry would start working…

Read More