Approval of the much-delayed refining policy has now been linked with deregulation, with a top government official seeking input from local refineries for deregulation, which could also mean uneven POL prices across Pakistan. A top government official said that it was high time to deregulate the whole oil and gas sector, including refineries. The deregulation could be in full or…
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Indicative Generation Capacity Expansion Plan (IGCEP) 2030 has focused mainly on adding hydropower into the energy mix at the cost of wind and solar power,” experts said at a consultative session on Utility-scale Renewable Energy Transition in Pakistan, organised by Policy Research Institute for Equitable Development (PRIED). Energy experts said renewables were the only long-term solution to resolve the country’s…
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Amid ongoing protests against inflated electricity bills, the National Electric Power Regulatory Authority (Nepra) has indicated allowing power distribution companies to raise the power tariff by Rs3.39 per unit on account of quarterly adjustments. The fresh increase in electricity rates will put an additional burden of Rs94 billion on consumers who were already making a hue and cry over inflated…
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Oil and Gas Regulatory Authority (Ogra) has swung into action after complaints rolled in against the LPG mafia selling liquefied petroleum gas at an exorbitant price of up to 90% higher than Ogra’s determined rates for September. LPG Industries Association Chairman Erfan Khokhar claimed that LPG is being sold at Rs300-360 per kilogram instead of the Rs212 per kilogram rate…
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Ambassador of Iran to Pakistan, Mohammad Ali Hosseini on Tuesday said the Iranian government is ready to complete the Pak-Iran gas pipeline to enhance cooperation in the energy sector. Iran wants full cooperation with Pakistan in gas and other sources of energy, he said. “To further strengthen trade cooperation with Pakistan, completion of energy projects, especially the Pak-Iran gas pipeline,…
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Asian Infrastructure Investment Bank (AIIB) has shown keen interest in financing Pakistan Water and Power Development Authority (Wapda) projects and will remain closely associated with the authority. “AIIB will look into possibilities of financial assistance for Wapda projects,” said AIIB Director General (Investments) Supee Teravaninthorn. She was leading a business development mission of AIIB that met Wapda Chairman Lt Gen…
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The news is out. As per Business Recorder exclusive, there is nothing concrete coming from Qatar. The vibes coming from Qatar are similar. Now it’s out in the public. The government was initially looking at getting deposits from Qatar. Got a plain no on it. The next in line are investments. Government is attempting to put everything under the sun…
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Russia won’t immediately resume exports of natural gas to Europe through its Nord Stream 1 pipeline, worsening a shortage that threatens to tip the continent into an energy crisis this winter. On Friday, Russian state energy giant Gazprom said it would not resume flows through the pipeline on Saturday as planned because it had detected an oil leak at its…
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The National Transmission and Despatch Company Limited (NTDC) has completed the rehabilitation works of Dadu-Khuzdar transmission line at 2:00am on Sep 5, 2022. The transmission line was energised and started power supply to QESCO, subsequently electricity restored in major parts of Balochistan province. The NTDC spokesperson said that on the direction of Prime Minister of Pakistan Shehbaz Sharif and others…
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The government has planned to amend a gas theft and recovery law to introduce gas utility courts and delegate federal government powers to prime minister for taking action against people involved in gas theft and delay in recovery of consumer bills. Sources told The Express Tribune that the government would make amendments to the Gas (Theft Control and Recovery) Act…
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