ISLAMABAD: Private Power & Infrastructure Board (PPIB) has extended Letter of Interest (LoI) of 640-MW Mahl Hydropower Project till December 31, 2024 subject to the condition that the Company shall keep the Bank Guarantee valid for three months beyond the allowed period of extension of the LoI, official sources told Business Recorder. During a recent meeting of PPIB Board, MD PPIB,…
Read More
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday grilled Chief Executive Officers (CEOs) of power Distribution Companies (Discos) for sending inflated electricity bills to the consumers just to show improvement in their recovery, well informed sources told Business Recorder. Last week, the power regulator, which always follows government’s instructions and blindly approves increase in base tariff and QTAs, took serious…
Read More
ISLAMABAD: The interim government, launching a nationwide campaign against power theft on September 7, 2023, has uncovered more than 10.7 million units of power theft within state-operated power distribution companies. In the past six days, 6,215 theft cases were unearthed, leading to the filing of 2,380 FIRs, arrest of 369 violators, and imposition of Rs441 million fine. However, the authorities…
Read More
ISLAMABAD, September 12, 2023: The Oil & Gas Development Company Limited (OGDCL) on Tuesday announced the successful testing, completion, and commencement of production at the Nashpa-11 well in District Karak, KPK Province This achievement stands as a testament to OGDCL’s commitment to bolstering Pakistan’s energy sector and meeting the escalating needs of both domestic consumers and industrial enterprises.OGDCL is diligently…
Read More
Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the Regasified Liquified Natural Gas (RLNG) prices for suicompanies with effective from September 1st, 2023 as under:The increase in RLNG prices is due to increase in RLNG brent prices in the international market. The RLNG price notification for the month…
Read More
Karachi, a land full of hope and sunshine, has become a witness of Solar Pakistan 2023. At this exciting moment, LONGi shines again, bringing a shocking feast to the global green energy industry. As the world’s leading solar energy brand, LONGi has always been at the forefront of renewable energy. At this exhibition, we proudly showcased our outstanding achievements in…
Read More
Karachi: September, 11, 2023. The Federal Minister for Energy Muhammad Ali hold important meeting with PSO management at PSO House Karachi. The Minister was briefed by the Managing Director Pakistan State Oil(PSO), Syed Muhammad Taha regarding overall performance and challenges being faced by the PSO. The Managing Director of PSO apprised the Minister that the PSO had an extensive network…
Read More
The National Electric Power Regulatory Authority (Nepra) on Friday authorised ex-Wapda distribution companies (XWDiscos) to levy a Rs1.46 per unit charge in consumers’ electricity bills for September as part of fuel cost adjustment (FCA) charges. According to Nepra, the FCA pertains to the month of July. According to a notification issued by Nepra, a copy of which is available with Dawn.com,…
Read More
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday approved about 29 per cent increase in average generation tariff for Wapda’s hydroelectric stations to meet its Rs155 billion annual revenue requirement. Under the decision, the average generation tariff for FY23 has been allowed at Rs4.96 per unit when compared to Rs3.85 per unit in FY22. The Rs1.11 per unit…
Read More
Hydrocarbon deposits deplete rapidly since no new major discovery made KARACHI: Pakistan’s oil and gas reserves have depleted by 17% and 6%, respectively, in the past one year till June 2023 as no major hydrocarbon discovery has been made since long. It signals that leftover deposits will be fully consumed in the next 15 years, according to a research house…
Read More
