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Month: February 2024

Signing Ceremony of MoU between the Stakeholders onConsortium Formation for Machike-Thallian-Tarujabba White Oil Pipeline

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New-SIFC

In a landmark achievement, the signing ceremony of MoU between the Stakeholders on Consortium Formation for Machike-Thallian-Tarujabba White Oil Pipeline Project has been held on February 14,2024 at SIFC Secretariat, PM Office. The ceremony was witnessed by Minister for Power and Petroleum Muhammad Ali, Secretary (Petroleum Division) Momin Agha, Secretary SIFC Jameel Qureshi. The heads of consortium entities i.e. MD…

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Nawaz Names Shehbaz Sharif as PM Candidate, Maryam Nawaz for Punjab CM

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Mariyam-Nawaz

The Pakistan Muslim League-Nawaz (PML-N) has decided to nominate Shehbaz Sharif as its candidate for the position of Prime Minister. Additionally, sources revealed that PML-N Chief Organizer Maryam Nawaz will be put forward as the candidate for the Punjab Chief Minister’s position. The final announcement regarding the prime ministerial candidate will be made in conjunction with allied parties. It’s noteworthy…

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ECC Approves Rs. 7.5 Billion Ramazan Relief Package

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ECC-Approves

The Economic Coordination Committee (ECC) of the Cabinet sanctioned the proposed Ramazan Relief Package-2024, totaling Rs. 7,492.75 million, aimed at providing relief to the public during the upcoming holy month of Ramazan. This subsidy will benefit targeted beneficiaries of the Benazir Income Support Programme (BISP), as outlined in the 2023-24 budget. Chaired by Federal Minister for Finance, Revenue, and Economic…

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Growatt Launches Flexible and Modular H Series All-In-One Energy Storage System in Pakistan

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Growatt-Launches

Growatt, the world’s leading solar inverter and energy storage solutions supplier, introduces the H Series All-In-One Energy Storage System in the Pakistani market. This modular and streamlined system integrates the inverter and battery, delivering versatile functionalities for both single-phase and three-phase energy storage applications. Featuring an innovative all-in-one design and modular stack configuration, the H Series significantly enhances system flexibility.…

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OGDCL Commences Production from Chak 63-2 Well, Significantly Boosting Pakistan’s Energy Independence

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OGDCL

In a significant development for Pakistan’s energy sector, the Oil and Gas Development Company Limited (OGDCL) has announced the successful commencement of production from the Chak 63-2 well in the Chak 63 Development and Production Lease (D&PL) located in Sanghar, Sindh. Currently, the well is contributing 525 barrels per day (BPD) of oil, with 2.25 million standard cubic feet per…

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ECC Delays Decision on Recovering Rs100bn from Gas Consumers

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gas-supply

The Economic Coordination Committee (ECC) of the Cabinet, chaired by caretaker Finance Minister Dr. Shamshad Akhtar, faced a deadlock in determining how to retrieve an additional Rs100 billion from gas consumers over the remaining months of the fiscal year. This decision was made during a meeting where an already allocated subsidy package of Rs7.5 billion for the upcoming Ramazan was…

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JJVL Urges Deregulation in Proposed LPG Policy for Enhanced Competition and Investment

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LPG-Air-Mix-Plant

In a bid to revolutionize the Liquefied Petroleum Gas (LPG) sector, Jamshoro Joint Venture Limited (JJVL) has advocated for the deregulation of base-stock prices of local and imported LPG in the forthcoming LPG Policy. This move aims to empower market dynamics to dictate pricing, fostering healthy competition and encouraging investment in the sector, according to JJVL. Under this proposed policy,…

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Pakistan Petroleum Limited Successfully Tests Gas Well in Adam D&PL Area, Boosting Energy Sector Amid Crisis

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PPL-achieves

Pakistan Petroleum Limited (PPL) announced on Tuesday the successful drilling and testing of a gas well in the Adam D&PL Area, located in the Hala Block of Sindh province. The company disclosed this development in a notice to the Pakistan Stock Exchange (PSX). Operating with a 65 percent stake in the block, PPL described the Adam-2 well as a challenging…

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WAPDA to divert Swat River at Mohmand Dam Project in April

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Mohmand-Dam

Chairman Sajjad Ghani directs for deployment of additional resources to expedite work PESHAWAR: The Water and Power Development Authority (Wapda) is going to divert Swat river at the under-construction Mohmand Dam in April this year, as the diversion system of the project is steadily heading towards completion in accordance with the timelines. Wapda Chairman Engr Lt-Gen (retd) Sajjad Ghani on…

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SIFC Collaborates with Scatec to Install 150MW Solar Power Plant in Sukkur

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SOLAR-POWER

In a strategic move towards sustainable energy solutions, the Special Investment Facilitation Council (SIFC) has joined forces with solar company Scatec to establish a 150 megawatts solar power plant in Sukkur. The initiative aims to bolster the region’s energy infrastructure, ensuring uninterrupted power supply for local residents. This public-private partnership underscores a commitment to clean energy generation and combating global…

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