ISLAMABAD: The Senate Standing Committee on Power on Friday inquired about the permission given for the extension of contract to Kot Addu Power Company (Kapco) till October 2022. The committee, which met under the chairmanship of Saifullah Abro, questioned in what capacity the extension was granted to Kapco and why the transactions were not blocked on the expiry of its…
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Australia’s biggest coal generation company AGL Energy has added another three big batteries to its development pipeline, as it seeks to transform its energy portfolio ahead of the planned shutdown of its last two coal generators. AGL says two new batteries – a 250MW, one hour battery at Torrens Island in South Australia and a 50MW, one hour battery at…
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GoodWe, Risen Energy Australia, OSW, and Solenergy have come together in the Forever Reef project, donating a 22.5kW system with 15kW battery storage system to the World’s First Living Coral Biobank. Led by Great Barrier Reef Legacy, this initiative aims to protect coral species for future generations and combat the impacts of climate change. Inside the World’s First Living Coral Biobank As…
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KARACHI: Federal Minister for Energy Khurram Dastgir on Friday said the government would provide Rs322 billion in tariff differential subsidy (TDS) to power consumers through distribution companies (discos) across the country. Addressing a press conference along with National Transmission and Dispatch Company Managing Director Rana Jabbar, the minister said that consumers of Karachi would receive Rs171 billion in TDS via…
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ISLAMABAD: The Board of Directors (BoD) of Government Holding (Private) Limited (GHPL), the fifth largest oil and gas exploration and production (E&P) company in Pakistan, has established unique criteria for the appointment of a Managing Director. The criteria deviate from conventional norms by reducing the required experience and age by half compared to previous standards and industry counterparts. The company…
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KARACHI: Sui Southern Gas Company (SSGC) has decided to restore gas supply to industries and their power generating units, effective from 8:00am on Saturday, June 17, 2023, it said on Friday. According to SSGC, after the change in the direction of Cyclone Biparjoy, weather has improved and the LNG terminals have become operational. Taking this change into consideration, the management…
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LAHORE: Injection of gas supply into SNGPL’s network from a newly discovered gas field namely Wali (Bettani) in District Lakki Marwat of Khyber Pakhtunkhwa has started on Friday, a statement said. The Oil and Gas Development Corporation (OGDCL) discovered Wali gas field last year. Prime Minister Shehbaz Sharif and Federal Ministry of Energy (Petroleum Division) had directed Sui Northern Gas…
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KARACHI; The State Bank of Pakistan (SBP) on Friday night announced that it has received $1 billion from China, without sharing any other details about the nature of this inflow. Pakistan reportedly paid $1bn to China last Monday against a reportedly due amount of $1.3bn. Finance Minister Ishaq Dar was hopeful for the return of $1bn. The dwindling foreign exchange reserves and…
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ISLAMABAD: Rejecting K-Electric’s demand for 49 paise per unit increase, the National Electric Power Regulatory Authority (Nepra) on Friday ordered the Karachi-based power utility to refund 5 paise per unit it overcharged consumers in April under monthly fuel cost adjustment (FCA) mechanism. The regulator has decided to allow the negative FCA for April to be reflected in June’s bills, said…
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