National Bank of Pakistan and National Aerospace Science and Technology Park (NASTP) have entered into an agreement, marking a substantial and noteworthy stride in their collaborative endeavors. The event took place at the state-of-the-art NASTP Karachi establishment, where Amin Manji, the CTO and Group Chief of the Information Technology Group at NBP, joined hands with Air Commodore Ghayas Uddin, the…
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Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said that 100 new biogas plants will soon be established in Uttar Pradesh. Speaking to reporters in Lucknow before going to the inauguration of the Compressed Bio Gas Plant in Budaun, Puri said that in the last seven years, under the leadership of Chief Minister Yogi Adityanath, the state…
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ISLAMABAD: Iran has extended the deadline on the much-delayed IP gas line project by 180 days till September 2024. If Islamabad fails to positively respond, Tehran will move the Paris-based International Arbitration, seeking a penalty of $18 billion, top government officials told The News. “However, Iran has offered to send its legal and technical team to Pakistan to jointly work…
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ISLAMABAD; Sui Northern Gas Pipeline Company Limited (SNGPL) has opposed allocation of 50 per cent indigenous gas from new discoveries to politically influential third party players through amendments in Petroleum (Exploration and Production) Policy 2012, to be presented before the Council of Common Interests (CCI) on Monday (today), well informed sources told Business Recorder. According to SNGPL, it received a summary…
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ISLAMABAD: Peshawar Electric Supply Company (PESCO), one of the worst performing Discos, has reportedly protested with CPPA-G on charging of unbridled supplemental charges from it in violation of NEPRA determination. Chief Executive Officer (CEO) PESCO, in a letter informed CEO CPPA-G that his organisation has charged supplemental charges amounting to Rs. 4.306 billion to PESCO for the month of Oct-2023…
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ISLAMABAD: Ministry of Finance (MoF) has opposed delisting of all power Distribution Companies (Discos) from the privatisation programme, suggesting that only those companies be delisted which are selected for the concession model, well informed sources told Business Recorder. Power Division, sources said, has prepared a new proposal for the Cabinet Committee on Energy (CCoE) with respect to Discos’ fate, after withdrawal…
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Islamabad: We would like to clarify that the recent news circulating in the media regarding a recommended increase in gas prices by OGRA (Oil and Gas Regulatory Authority) is unfounded. OGRA has not recommended any such price revision for gas utility companies yet.Imran GhaznaviSpokesperson OGRA
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KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has urged that in addition to immediately releasing the already earmarked Rs7 billion against previous incremental consumption package, the government must also arrange the remaining Rs21 billion as a total of Rs28 billion were pending on incremental consumption of Karachi-based industries since long despite commitments made by previous…
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WWEA says Pakistan well on track for maximum utilization of its massive clean power potential Karachi The World Wind Energy Association (WWEA) has said that Pakistan is well on track in making progress to increase the production of clean electricity as the drive should continue to take advantage of an abundance of renewable power sources available in the country. WWEA…
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ISLAMABAD: Power Division and AJ&K government are said to have locked horns on the rate of electricity for AJ&K as the latter has been provided 350-MW electricity at the rate of Rs 2.59 per unit for 15 years, well informed sources in Ministry of Water Resources told Business Recorder. Sharing the details, the sources said, the second meeting of the Inter-Ministerial…
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