Day: June 26, 2021

According to details, the project will guarantee the supply of industrial water for the coal-based power sector and is extremely significant for the development of power infrastructure project. The signing ceremony was attended by Council General of Kuwait Salim Yusif Al-Hamdan, CEO EnerTech water Yasser Malik, COO Usman Ahsan, MD Pak-Kuwait Investment Company. Minister Energy Imtiaz Shaikh, Minister Irrigation Sohail Anwar…

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Karachi Chamber of Commerce and Industry (KCCI) has said disruption in gas supplies to Karachi-based industries was inflicting an estimated loss of $44 million to the national exports on a daily basis. The KCCI and its affiliated industrial town associations said gas supply disruptions since June 11, 2021 have crippled industries and halted production. KCCI spokesman said the supply of…

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The much-awaited legal opinion of the Law Division that has been submitted with the authorities concerned is not in favour of postponement of the dry docking of existing floating storage and regasification unit (FSRU) Exquisite at the Engro LNG Terminal till August, rather it is in favour of Excelerate Energy, which is a US company and owner of the FSRU.…

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Pakistan Water and Power Development Authority (WAPDA) today awarded contract amounting to US$ 241.1 million for electro-mechanical (E&M) works of the 1530 MW-Tarbela 5th Extension Hydropower Project to a joint venture comprising Harbin Electric International Company and Harbin Electric Machinery Company (HEIC-HEMC) through an international competitive bidding. The ceremony for signing of the contract was held today at WAPDA House,…

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The Federal Reserve Bank of Dallas has released its Q2 2021 Energy Survey, and one thing is clear: oil and gas companies are struggling to find investors. The new report included special questions about expectations for a global crude oil gap, current and expected investments in renewables by oil and gas firms, and more. Oil and gas executives who responded to…

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The Islamabad Electric Supply Company (Iesco) has lifted the ban on new connections in the federal capital and asked the Capital Development Authority (CDA) to share details of acquired and un-acquired land with it. However, the company said houses in illegal housing schemes will not be provided new connections. New utility connections were banned in Islamabad in 2016 on the…

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