Lahore and other cities may face a shortage of petroleum products as the oil marketing companies failed to maintain their supply due to the violent protests triggered by the arrest of Pakistan Tehrik-e-Insaf Chairman Imran Khan on Wednesday.
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ISLAMABAD-NEPRA has issued show-cause notice to Islamabad Electric Supply Company Limited (IESCO) for causing delay in the completion of two renewable energy projects, resulting in billions of rupees loss to the national exchequer.
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Water and Power Development Authority (Wapda) has accused Peshawar Electric Power Supply Company (Pesco) of not cooperating in supply of electricity to affectees of Dasu Hydropower Project as per agreement. Chairman Wapda Lt General Sajjad Ghani (retd) in a letter to Secretary Power Division explained
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The industrial sector termed the overbilling by Sui Southern Gas Company (SSGC) ‘unacceptable’ and demanded the company to withdraw its additional bills, a statement said on Wednesday. Industries complained about the SSGC’s additional billing to the consumers across the province.
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Power Division is said to have opposed diversion of 110 MMCFD gas of Mari Gas from Thermal Power Station (TPS) Guddu to two urea plants, saying that any such attempt will result in waste of significant investment made by the government of Pakistan in the plant and assets at TPS Guddu, well informed sources told Business Recorder.
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Jamaat-e-Islami (JI) has challenged the hike in gas meter rent in the Islamabad High Court (IHC), ARY News reported on Wednesday. In April, the Oil and Gas Regulatory Authority (OGRA) increased the monthly rent for gas meters from Rs40 to Rs500 following a recent hike in gas tariff.
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With the global energy transition in full swing, few clean energy sectors, if any, are expanding faster than the electric car market. A decade ago, a grand total of 130,000 EVs were sold globally; fast forward to the present, and nearly a similar number are sold in just a week.
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Futures are limping lower after overnight China reported that export growth moderated from 14.8% in March to 8.5% in April, slightly better than market expectations, and unchanged from the 1Q23 average, while Imports unexpectedly collapsed, badly missing expectations.
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Turkey has opted to defer until 2024 as much as $600 million in payments to Russia for natural gas deliveries, anonymous sources told Reuters on Wednesday. Last week, Turkey’s Energy Minister Fatih Donmez said that the country had reached a deal with Russian gas giant Gazprom to defer part of the payments
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Pakistan and Iran on Wednesday agreed to explore new avenues of collaboration in the fields of aviation including direct flight, revival of gas pipeline project and expansion of trade between the two nations.
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