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Month: September 2024

KPT&GC to Begin Power Transmission to Industries, Boosting KP’s Energy Sector

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power-sector

PESHAWAR: Khyber Pakhtunkhwa Transmission and Grid Company (KPT&GC) is set to make history by transmitting affordable electricity to industries, generated from completed projects of the Pakhtunkhwa Energy Development Organization (PEDO). This marks a significant step in the province’s energy development. Speaking during a meeting with AHI Corporation’s delegation, led by Hasan Zahiddin, Secretary Energy and Power, Nisar Ahmad Khan, emphasized…

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Pakistan to Share Comprehensive Wish List of Projects with Chinese PM for Second Phase of CPEC

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CPEC-IPPs

ISLAMABAD: Pakistan has finalized a comprehensive wish list of over six dozen projects across various sectors for Chinese cooperation under the second phase of the China-Pakistan Economic Corridor (CPEC). The list is set to be shared with the Chinese Prime Minister during a key meeting next month, according to sources from the Ministry of Planning, Development, and Special Initiatives. Following…

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OGDCL Signs MOU with China’s CCDC for Shale and Tight Gas Development

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China-OGDCL

In a significant move aimed at addressing Pakistan’s energy needs, the Oil and Gas Development Company Limited (OGDCL) has signed a Memorandum of Understanding (MOU) with China’s CCDC, a leading player in drilling and upstream oil field services. The agreement focuses on exploring Pakistan’s shale and tight gas potential, utilizing indigenous resources to meet the country’s growing energy demands. The…

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Federal Minister for Petroleum Dr Musadik Malik witnessed the MOU signing ceremony between OGDCL and Chinese CCDC

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Petroleum

In a significant development , during the ongoing 8th Silk Road International Expo for investment and trade forum in Xian , Shaaxi province China, an MOU is signed between OGDCL the flagship E&P company of Pakistan and CCDC , the major player in Drilling and upstream Oil field Services of People’s Republic of China The MOU underscores commitment of both…

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Xian China : September 21,2024

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Federal Minister for Petroleum Dr Musadik Malik holds round table meetings with Chinese companies Federal Minister for Petroleum Dr Musadik Malik held round table meetings with Chinese companies at Pakistan pavilion set up at the 8th Silk Route Expo in Xian, China. Leading Petroleum sector companies of Pakistan are participating in the Expo to conclude investments with the chinese companies.…

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NEPRA Imposes Rs10 Million Fine on IESCO for Failing to Ground Electrical Structures

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electricity price increased

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has levied a Rs10 million fine on the Islamabad Electric Supply Company (IESCO) for its failure to ensure proper earthing and grounding of high-tension and low-tension poles across its service area. In its ruling, NEPRA stated that after reviewing IESCO’s submissions, the company’s response to a show-cause notice was deemed unsatisfactory. The…

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SNGPL Seeks Hike in Gas Transportation and Distribution Tariff for Private Companies

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oil and gas

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has proposed a significant increase in gas transportation and distribution tariffs for the fiscal year 2024-25. The company is requesting a hike of Rs184 per MMBTU for transportation and Rs614 per MMBTU for distribution, compared to the previous year, specifically for third-party private companies that use SNGPL’s infrastructure to supply gas to bulk…

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Senate Energy Committee Calls for Review of Bagasse Electricity Pricing Mechanism

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Power Tariff Reduction

ISLAMABAD: The Senate Energy Committee, chaired by Senator Mohsin Aziz, has highlighted significant discrepancies in the pricing of electricity generated from bagasse, citing the absence of a formal pricing mechanism. During the meeting, Senator Aziz questioned the wide range in bagasse valuations, with some plants pricing it at $356 per tonne and others as low as $75. The Chairman of…

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NTDC Restructuring and Transparency Urged for Power Sector Reform

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power sector

ISLAMABAD: Federal Minister for Power Division, Sardar Awais Ahmed Khan Laghari, emphasized the need for restructuring the National Transmission and Despatch Company (NTDC) to enhance grid efficiency and sustainability. During a meeting with the Board of Directors (BoDs) and CEOs of power sector companies, alongside experts from the World Bank, Asian Development Bank, and Islamic Development Bank, Laghari highlighted the…

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Plan to Convert Coal Power Plants to Thar Lignite Faces Major Setback

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LAHORE: The government’s plan to fully convert coal power plants to 100% Thar lignite has encountered a major hurdle, with the Asian Development Bank (ADB) rejecting the proposal for Jamshoro Power sector news Unit I. ADB, the project’s largest creditor, cited legal agreements allowing only 20% local lignite, with 80% imported coal, as per the original deal. An energy ministry…

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