August 23, 2023: Pakistan Water and Power Development Authority (WAPDA) and Kot Addu Power Company (KAPCO), majority shares of which are owned by WAPDA, have announced to re-habilitate the houses of Christian community burnt by the miscreants few days ago in a tragic incident that took place at Jaranwala, district Faisalabad. This measure of corporate social responsibility is being taken…
Read More
Construction pace to further accelerate on Dasu Project: Chairman WAPDA August 22, 2023: Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) has said that the pace of construction work will be further accelerated on Dasu Hydropower Project, as long-delayed process of land acquisition has substantially been completed. The Chairman expressed these views during his visit to Dasu Hydropower Project today.…
Read More
ISLAMABAD-The caretaker government has no mandate to transfer the ownership and control of power distribution companies (Discos) to the provinces, which will burden the provinces with the losses of hundreds of billions of rupees.Neither the caretakers in centre nor in the provinces are mandated to give or take the burden of hundreds of billions of rupees loses to the provinces,…
Read More
ISLAMABAD: Despite a 26pc increase in base uniform national tariff with effect from July 1, there appears to be no respite in sight for power consumers as ex-Wapda distribution companies (Discos) have sought permission to extract almost Rs30 billion more from their subscribers next month. Through their commercial agent — the Central Power Purchasing Agency (CPPA) — the discos have…
Read More
LAHORE: Sui Northern Gas Pipelines Company (SNGPL) Managing Director Amir Tufail on Tuesday said that up to 100 million cubic feet per day (mmcfd) of natural gas would be added to the company system by the end of this year. Speaking to the company’s shareholders, analysts and investors at a corporate briefing held at the Lahore Stock Exchange, Mr Tufail…
Read More
Replaced five independent directors of company without holding elections ISLAMABAD: The last Pakistan Democratic Movement (PDM) government illegally replaced five independent directors of Sui Northern Gas Pipelines Limited (SNGPL) towards its fag end without holding their elections, creating a legal challenge for the firm. The matter suddenly got attention this week after the Lahore High Court (LHC) granted an interim…
Read More
ISLAMABAD: A meeting of the Senate Standing Committee on Power has decided to take a detailed briefing on the generation and distribution of electricity to provinces after it was informed that significant losses are being faced due to a lack of cooperation by the provinces. The meeting presided over by Senator Saifullah Abro on Tuesday, was informed that the Power…
Read More
Cement-maker expects to save half a billion rupees each year KARACHI: Lucky Cement has kick-started its second captive solar power plant for its own consumption with the aim of reducing costs and continuing to stay in profit under a challenging macroeconomic working environment in the country. The construction material manufacturer said in a notification to the Pakistan Stock Exchange (PSX)…
Read More
Boost long-term contracts with Qatar, US suppliers by nearly 50% SINGAPORE/LONDON: China’s liquefied natural gas (LNG) importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market. The beefed-up trading presence of Chinese importers puts them in direct competition with such global heavyweights as…
Read More
Gwadar transformed into thriving modern city, says Chinese firm chairman LAHORE: China Overseas Port Holding Company (COPHC) Chairman Yo Bo has emphasised that Pakistan’s economic circumstances were primarily responsible for delay in China-Pakistan Economic Corridor (CPEC)’s development. In a meeting at the Lahore Chamber of Commerce and Industry (LCCI), Yo shed light on the transformative progress of Gwadar under CPEC.…
Read More
