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Day: June 21, 2023

Parliamentary Delegation Visits Karot Hydropower Project – Explores Clean Energy Initiatives

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Parliamentary-Delegation

(Islamabad: June 19, 2023) A Parliamentary Delegation visited the Karot Hydropower Project, to commemorate its 1st Anniversary and celebrate the 10 years of the China-Pakistan Economic Corridor (CPEC) and the 10 Years of BRI. The Delegation was led by Senator Mushahid Hussain Syed, Chairman of Pakistan-China Institute, and Mustafa Hyder Sayed, Executive Director of Pakistan-China Institute. This was the first…

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KE reluctant to constitute BoD as per PD recommendation

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Power-voices

ISLAMABAD: K-Electric (KE) is reportedly showing reluctance to reconstitute its Board as per Power Division’s recommendation, saying that orders of Sindh High Court (SHC) and directions of Securities and Exchange Commission of Pakistan (SECP) do not allow any change in the BoD, well informed sources told Business Recorder. Power Division, sources said, in a letter of May 31, 2023 notified…

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FPCCI hails RE projects

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RE-projects

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday applauded a govt decision to green-light 13 old renewable energy (RE) projects of about 700 megawatts. FPCCI president Irfan Iqbal Sheikh said high cost of energy, coupled with circular debt, was hindering the industrial growth, and with rising oil prices it’s imperative to bring down the energy cost,…

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Government awards 3 oil and gas blocks, 15 remain unclaimed

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oil-and-gas

ISLAMABAD: Only three of 18 oil and gas exploration and production blocks offered by the government have been awarded to local companies, with the rest attracting no interest from local or foreign investors, officials said on Tuesday. The two blocks were awarded to the state-run Oil and Gas Development Company Limited (OGDCL) and another to a joint venture of two…

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Power generation drops 10pc in 11 months

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Power-generation

KARACHI: Power generation recorded 10 percent decline in the first eleven months of the current fiscal, with cost of production jumping up by six percent in the period under review, data showed on Tuesday. Power generation decreased by 10 percent YoY to 115,876 GWh (14,412MW) compared to 129,317 GWh (16,084MW) during the corresponding months of the last financial year, data…

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Power firms seek to extract Rs30bn more for May

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Power-firms

ISLAMABAD: With an unending rise in inflation, the electricity costs continued to go up as ex-Wapda Distribution Companies (Discos) and K-Electric have sought clearance to extract almost Rs30 billion more from their consumers amid heat waves in the country. In their separate tariff petitions, Discos are seeking to raise an additional Rs27bn from their consumers in July’s bill while KE…

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Cold winter on the cards as govt fails to secure gas

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secure-gas

ISLAMABAD: The country has failed to secure liquefied natural gas (LNG) from the spot market in its first attempt after a year-long break, as it received no bid for six shipments for the coming winter months. State-run Pakistan LNG Ltd (PLL), which last week floated short-term tenders for three cargoes each in October and December, announced on Tuesday that it…

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U.S. Ambassador Blome’s Visit to Gomal Zam Dam Highlights Economic Accomplishments of Bilateral Partnership

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Ambassador-Blomes

Peshawar – U.S. Ambassador Donald Blome today visited the multi-purpose Gomal Zam Dam in the South Waziristan District of the Newly Merged Districts (NMDs) of Khyber Pakhtunkhwa.  He was accompanied by the Chairman of Water and Power Development Authority (WAPDA), Lt. General (retired) Sajjad Ghani, and the Secretary of the Agriculture Department of Khyber Pakhtunkhwa, Muhammad Javed Marwat. The dam…

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