PPL Signs Joint Venture Agreement with FWO in Mining Sector

mining-sector

Pakistan Petroleum Limited (PPL) has signed a Joint Venture Agreement with Degan Exploration Works (DEW), a wholly owned subsidiary of Frontier Works Organization (FWO), to explore and develop mineral resources in the EL-207 Block located in District Chagai, Balochistan. This initiative is a key component of PPL’s strategy to diversify into the mining sector and strengthen its presence in Balochistan.

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Oil and Gas Conference Pakistan (OGCP-2024) Set for May 29th

Oil-Gas

Islamabad: The highly anticipated Oil and Gas Conference Pakistan (OGCP-2024) is set to take place on May 29th at the Serena Hotel in Islamabad. The event, organized by Energy Update in collaboration with Ministry of Energy (Petroleum Division) and Oil and Gas Regulatory Authority (OGRA) promises to be a landmark gathering for Pakistan’s energy sector. Mr. M. Naeem Qureshi, Chairman…

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KE to Restore Power Supply to Defaulters Using Up to 200 Units

New-KE

Sindh Energy Minister Syed Nasir Hussain Shah announced on Friday that K-Electric (KE) has agreed to restore electricity supply to consumers using up to 200 units, overlooking their old dues and charging them based on new bills. This decision aims to provide relief to underprivileged consumers. Shah and Sindh lawmakers held a meeting with KE officials to discuss this initiative.…

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PPL Partners with DEW to Explore Mineral Resources in Balochistan

New-PPL

KARACHI: Pakistan Petroleum Limited (PPL), a state-owned oil and gas producer, is diversifying its business by entering into a joint venture with Degan Exploration Works (DEW) to explore and develop mineral resources in Balochistan, according to a statement released on Friday. “We are pleased to announce that Pakistan Petroleum Limited (PPL), as part of its business diversification efforts, is expanding…

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K-Electric Seeks Rs 10.69/unit Hike in Base Tariff for Seven Years

NEPRA-KE

ISLAMABAD: K-Electric has submitted a petition seeking a 76% increase in its base tariff, raising it by Rs 10.69 per unit to Rs 44.69 per unit under the Multi-Year Tariff (MYT) mechanism for the period from FY 2023-24 to 2029-30. The current base tariff stands at Rs 34 per unit. The proposed adjustment includes the following components: Cost of power…

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Federal Government to Enhance Security for Power Installations in KP After CM’s Threats

power-gride

ISLAMABAD: The federal government has decided to tighten security measures for vital electricity distribution installations in Khyber Pakhtunkhwa (KP), ensuring the safety of Peshawar Electric Supply Company (Pesco) and Tribal Areas Electric Supply Company (Tesco) staff and property. This move follows threats made by the KP chief minister, which have recently gone viral. On May 15, 2024, the Power Division…

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Govt May Consider Sharing Debt Servicing, Power Circular Debt with Provinces

circular-debt

Government Left with Only 42.5% from Divisible Pool as Interest Payments and Circular Energy Debt Become Unsustainable ISLAMABAD: The federal government is considering sharing debt servicing and electricity circular debt with the provinces, following the provinces’ refusal to revisit their share under the NFC Award. Finance ministry officials revealed a consensus that provinces should assist with debt servicing and electricity…

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