ISLAMABAD – Petroleum Division has proposed a hike of 3900 percent in fixed monthly gas charges for the poorest protected consumers and up to 193.33 percent in gas tariff for various categories of consumers effective from October 1, while an increase of. The Petroleum Division has proposed a hike from 29 percent to 172 percent domestic gas consumers, up to…
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KARACHI: Pakistan Refinery Limited (PRL) has achieved historic production levels in September 2023, marking a significant milestone. The successful strategic shifts and efficient operations led to the highest ever sales and production in a month, bolstering profitability, material information sent to Pakistan Stock Exchange on Wednesday said. PRL achieved an unprecedented average feed rate of 5340 tons, demonstrating operational excellence…
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ISLAMABAD: K-Electric (KE) has submitted a three-tier Indicative Generation Plan (IGP) to the federal government, in the hope of facilitation from Islamabad for the smooth execution of the entire process. KE Chief Executive Officer Syed Moonis Abdullah Alvi has shared outlines of IGP with the federal government and all relevant entities of Power Division including Private Power and Infrastructure Board…
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ISLAMABAD: When it comes to electricity, Sindh’s best performing districts are only comparable with the worst performing districts of Punjab in terms of power theft, data compiled by the Ministry of Energy indicates. The interim government ordered a crackdown against those involved in power theft and defaulters after public protests over hike in monthly bills. The protests are due to…
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The world’s largest offshore wind farm, the Dogger Bank Wind Farm in UK waters, has achieved first power and started sending electricity to the UK national grid, the developers of the project said on Tuesday, hailing the major milestone at the offshore wind farm whose construction continues. Dogger Bank Wind Farm, with a total capacity of 3.6 gigawatts (GW), is being constructed…
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ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has opposed free units or monetisation to employees of power sector entities and WAPDA, saying that employees should be given utility allowance like other public sector organisations instead of allowing units or their monetisation. These comments were offered by Nepra on a summary of Power Division titled “monetisation of free electricity units admissible…
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ISLAMABAD: The government is all set to increase effective gas prices for non-protected domestic consumers by up to 129 percent, bulk 25 percent, commercial 136 per cent, export industry 71 percent, non-export industry 117 percent, CNG 144 percent, cement 193 percent and Liberty Power 62 percent, sources close to Secretary Petroleum told Business Recorder. To be applicable from October 1, 2023,…
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QUETTA: Initiatives taken by the Special Investment Facilitation Council (SIFC) at federal level should have a trickle-down effect in each province, Caretaker Prime Minister Anwaarul Haq Kakar said on Tuesday. He was speaking in Quetta at Balochistan’s apex committee meeting, also attended by Army Chief Gen Asim Munir, Federal Interior Minister Sarfraz Ahmed Bugti, Balochistan Chief Minister Ali Mardan Khan…
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Karachi, October 10, 2023: Pakistan Petroleum Limited (PPL) has achieved significant production gain of 13 MMscfd gas and 90 bpd condensate from existing wells through a rigless production enhancement campaign. The company is vigorously pursuing production enhancement utilizing latest techniques and production optimizations efforts. These initiatives were successfully carried out on a number of wells in Sui Gas Field, Gambat…
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ISLAMABAD: The authorities concerned in Pakistan have started working out an option to restructure the much-touted and delayed Iran-Pakistan (IP) gas pipeline project in such a manner that US sanctions could not have an impact on the country and penalty of $18 billion sought by Tehran could be averted, top officials in Law Division told The News. “Under the new…
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