ISLAMABAD: The Senate Standing Committee on Power has called on the government to conduct a comparative analysis of electricity tariffs in neighboring and regional countries, highlighting the unaffordability of current power bills for the average Pakistani. Committee chairman Senator Mohsin Aziz emphasized the urgent need to address issues with independent power producers (IPPs), which have become a significant financial burden.…
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French oil major TotalEnergies has announced the sale of its 50% stake in Total Parco Pakistan Limited (TPPL) to global commodities trader Gunvor Group. This joint venture between TotalEnergies and Pak-Arab Refinery Limited (Parco) operates over 800 service stations in Pakistan and is involved in fuel logistics and lubricants. TotalEnergies stated that the transaction, pending regulatory approvals, aligns with its…
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LAHORE: The Power Division and ex-WAPDA Distribution Companies (DISCOs) are at odds over the implementation of the Rs73 billion “Asset Performance Monitoring System” (APMS) project, with differing opinions on its effectiveness. In a directive, the Power Division instructed DISCOs to submit the PC-1 of the APMS project, aimed at 100KVA general duty distribution transformers, for board approval by August 9.…
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KARACHI: In a significant development for Pakistan’s energy sector, new oil and gas deposits have been discovered in the Kohat district of Khyber-Pakhtunkhwa (K-P). The well, operated jointly by Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Pakistan Oilfields Limited (POL), marks a critical step towards enhancing the country’s energy security. Additionally, PPL has revamped gas…
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