KARACHI: In a major breakthrough, K-Electric and Pakistan LNG Limited (PLL) have entered into an initial Gas Supply Agreement (GSA) for the supply of 150mmcfd RLNG for K-Electric’s flagship 900MW power plant at Port Qasim (BQPS-III). The GSA will be executed promptly after the approval of the Oil & Gas Regulatory Authority (Ogra), sources at KE told the Business Recorder.…
Read More
As the Budget 2021-2022 was presented in the National Assembly on Friday, one thing was clear: the government was aiming to please as much of the population as it could. Earlier in the day, Prime Minister Imran Khan had said “everyone would be happy” with the budget and the reduction of taxes on several industries seemed to reflect that. The budget included…
Read More
In the latest ranking, Karachi has been placed on the list of 10 least liveable cities in the world. The Pakistan’s financial hub was ranked at 7th position while Bangladesh capital Dhaka was put at 4th. As per the 2021 edition of The Economist Intelligence Unit’s (EIU) Global Liveability Ranking, Damascus remains the world’s least liveable city. With an average…
Read More
o-called “green” hydrogen production using onshore wind turbines could achieve price parity with fossil-based hydrogen by the year 2030, according to a white paper from Siemens Gamesa Renewable Energy. In a statement on Wednesday the firm — a major player in wind turbines — also said that green hydrogen produced using wind from the offshore sector could achieve price parity…
Read More
Sindh Energy Minister Imtiaz Shaikh has blamed the K-Electric (KE) for power outages in the city, saying that load-shedding has agonised the lives of the people of Karachi. He stated this on Friday as he participated via video-link in a meeting chaired by the National Electric Power Regulatory Authority (Nepra) chairman and attended by the chief executive officers of various…
Read More
The government has increased the allocation in the head of subsidy by 226.31 percent for various sectors for the next budgetary year, to Rs682 billion from Rs209 billion allocated for the outgoing fiscal. For the power sector, the allocation of subsidy has increased by 329.24 percent to Rs596 billion from Rs139.5 billion. Out of Rs596 billion, the amount of Rs245…
Read More
Federal Minister for Energy Hammad Azhar on Friday shared that there has been zero forced load shedding in the country during the last 12 hours. Taking to Twitter to share the details on power supply in the country, Hammad Azhar said that 1500 megawatt electricity was added in the last 48 hours to the national grid while more would be…
Read More
The Pakistan Tehreek-i-Insaf (PTI) government on Friday unveiled Rs 8.4 trillion pro-growth and relief-oriented federal budget for the fiscal year 2021-22, with focus on pursuing all-inclusive, sustained and robust economic growth through comprehensive planning and development. The budgetary proposals were presented by Finance Minister Shaukat Tarin in the National Assembly, amid jeers from the opposition benches who shouted slogans and…
Read More
Pakistan’s power crisis has gotten worse, with load-shedding extending up to several hours at a stretch in different cities. According to the latest figures provided by sources in the power division, the country is facing an electricity shortfall of somewhere between 7,000 and 8,000 megawatts. Due to a mudslide at the Tarbela Dam, power generation was stopped and machinery has…
Read More
As the government is encouraging utilisation of renewable energy technology at the consumer end, The National Electric Power Regulatory Authority (Nepra) issued a total of 5,283 new licences for net-metering-based installation of approximately 90.15MW during the July 2020 to March 2021, the Economic Survey suggests. “As of 31st March, 2021, a total of 10,563 generation licences for net-metering-based solar installations…
Read More
