ISLAMABAD: Pakistan is actively seeking to establish a partnership with Central Asia, particularly Turkmenistan, in the energy sector and facilitate the supply of Turkmen gas to the port of Gwadar, transforming it into an international energy hub. Pakistan’s objective is to attract investments from China, Europe, and other regions to establish liquefied natural gas (LNG) plants in Gwadar, with the…
Read More
ISLAMABAD: K-Electric consumers got cheaper electricity from July 2019 to September 2020 as they did not pay the quarterly tariff adjustments (QTAs) during the said time. To this effect, the Economic Coordination Committee (ECC) allowed the utility company to recover Rs24.5 billion from its consumers in 12 months. K-Electric will pay the collected amount to the Central Power Purchase Agency…
Read More
ISLAMABAD: Pakistan Refinery Limited (PRL) may submit its report to the government in two weeks about the quality, yields, and commercial viability of the Russian crude oil URAL, which is heavier in nature, a senior official of the Petroleum Division told The News. The PRL, which is in the process of refining Russian crude will submit to the petroleum division…
Read More
KARACHI: Pakistan’s energy supply relies heavily on fossil fuel sources, which has prompted the need for financial institutions to divert their finances towards renewable energy projects in the country, experts said on Wednesday. Academics, researchers, environmentalists and policymakers said that financial institutes needed to redirect their funding from fossil fuel sources to renewable projects to address environmental concerns. They were…
Read More
KARACHI: The Oil and Gas Regulatory Authority (OGRA) has inspected a number of liquefied petroleum gas (LPG) plants in collaboration with the local authority to ensure compliance with safety standards and regulations in the LPG industry. The inspection was carried out by the enforcement department under the instructions of Chairman Masroor Khan, a statement said on Wednesday. According to OGRA,…
Read More
ISLAMABAD: In a major development for the Dasu Hydropower Project, stage-I of the concrete-starter dam has been completed upstream of the main dam. As per its design, the starter dam will be completed in two stages – in stage-I the dam has been elevated up to 785 metres while in stage-II it will be enhanced to 798 metres above the…
Read More
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs80 billion subsidy for the power sector and allowed K-Electric to recover Rs1.52 per unit from consumers. The ECC meeting presided over by Finance Minister Ishaq Dar approved the Ministry of Energy (Power Division)’s various summaries with the one seeking quarterly tariff adjustments of KE. The meeting was told…
Read More
ISLAMABAD: Power Division and K-Electric (KE) on Wednesday discussed different options for the latter’s participation in the second unit of Jamshoro coal power plant (2×600-MW), saying that the development of the project can be fast-tracked by structuring the transaction under G2G framework with Saudi Arabia. The meeting was attended by senior officials of Power Division, CPPA-G, NTDC and PPIB whereas…
Read More
