The government on Friday slashed the prices of petrol and high-speed diesel (HSD) for the next fortnight by Rs10.2 and Rs2.33, respectively. In a notification, the finance ministry said the prices of petroleum products had seen a mixed trend in the international market in the last fortnight. It said Ogra had worked out the consumer prices based on the international…
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ISLAMABAD: The National Power Control Centre (NPCC) is set to send two engineers to China to study the Stability Control System (SCS) of the north-south transmission line after the Chinese company M/s PMLTC refused to send its engineers to Pakistan due to security concerns following the Dasu Project attack. Sources revealed that M/s PMLTC has installed the SCS for the…
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ISLAMABAD: A delegation from the United States Treasury Department, led by Assistant Secretary Brent Neiman, addressed critical power sector challenges during their visit to Islamabad, focusing on issues such as circular debt and tariffs for wind projects. The delegation’s two-day visit aims to assess Pakistan’s economic situation, the potential for a new IMF program, and the overall business and investment…
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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the release of Rs9 billion to clear outstanding price differential claims of Oil Marketing Companies (OMCs), including Pakistan State Oil (PSO). The decision was made during an ECC meeting chaired by Finance Minister Muhammad Aurangzeb. The Petroleum Division’s proposal to allocate Rs9 billion for the payment of these claims…
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ISLAMABAD: The National Power Control Centre (NPCC) has announced a reduction in the demand for Regasified Liquefied Natural Gas (RLNG) for power generation for the period from July to September 2024. This decision follows a pattern of reduced load in recent months, according to well-informed sources at Business Recorder. Despite substantial load shedding due to a significant gap between power…
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ISLAMABAD: In response to lower international oil prices, the government is anticipated to reduce petrol and high-speed diesel (HSD) rates in its upcoming fortnightly price review on June 15. Petrol prices are expected to decrease by about Rs9 per liter, while HSD rates might drop by Rs5 per liter. Sources indicate that international prices for petrol and HSD have fallen…
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Karachi 13 June 2024: GO Energy and Sindh Transmission & Dispatch Company (STDC) today signed a MoU for the transmission evacuation of a 500 MW Floating Solar Project at Keenjhar Lake, Sindh, Pakistan. The Honourable Syed Nasir Hussain Shah, Minister for Energy, Government of Sindh was the Chief Guest at the signing ceremony held in Karachi today. Other dignitaries present…
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June 13, 2024: WAPDA awarded the contract for civil and electro-mechanical works for rehabilitation of Dargai Hydel Power Station worth Rs. 10.6 billion to a Joint Venture (JV), comprising two Chinese and a Pakistani firm. General Manager (Hydel Development) WAPDA Ihsan Ullah and authorized representative of the JV Nabeel Tahir signed the contract on behalf of their organizations. Chairman…
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ISLAMABAD, June 13, 2024: Oil and Gas Development Company Limited (OGDCL) on Thursday celebrated its cricket team’s victory in the President’s Trophy Grade-II 2023-24. The OGDCL cricket team has won the President’s Trophy Grade-II 2023-24 and qualified for first-class cricket. In the final four-day match, played at Abbottabad Cricket Stadium, OGDCL defeated Eshaal Associates.OGDCL organized a special event at its…
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A delegation of the US Department of Treasury met Federal Minister for Power Sardar Awais Leghari. The US delegation was led by Assistant Secretary Brent Neiman. The meeting aimed to explore potential collaborations in the energy sector. Federal Minister for Power Sardar Awais Leghari said that the reform plan has been made to remove the deficiencies in the power sector.…
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