KARACHI: In a significant development, K-Electric has successfully established the city’s first 500 kV grid station, a landmark achievement after several decades,This initiative allows the supply of affordable electricity to the citizens of Karachi from the KANUPP – Karachi Nuclear Power Plant (or KANUPP) is a large commercial nuclear power plant located at the Paradise Point.The KKI grid, completed in…
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E Turbo Motors Pvt Limited marked a significant milestone with the launch of a groundbreaking initiative in the event industry, under the visionary leadership of CEO Mr. Usama Sheikh. This landmark occasion, held with great fanfare, signifies the company’s continued growth and dedication to excellence. The launch event was graced by Mr. Sharjeel Inam Memon, Senior Minister for Information, Transport,…
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LAHORE: Abdul Hameed, Chairman of the Pakistan Hosiery Manufacturers & Exporters Association (PHMA) North Zone, has strongly condemned the government’s proposal to halt gas supply to co-generation captive power and captive power plants. He warned that this move could have devastating effects on both the industry and the economy. In a letter addressed to Prime Minister Shehbaz Sharif, Hameed urged…
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ISLAMABAD: The government is set to begin meetings next week with executives from 18 Independent Power Producers (IPPs) established under the 1994 and 2002 Power Generation Policies to discuss the conversion of their contracts from the ‘take or pay’ to ‘take and pay’ model. This shift aims to reduce the financial burden on the national exchequer and align with ongoing…
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ISLAMABAD: Petroleum Minister Musadik Malik has been removed from the Transnational Pipeline Committee, which oversees critical projects such as the Iran-Pakistan (IP) and Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipelines. His removal follows months of stalled progress on these vital energy projects, raising concerns over Pakistan’s energy security. Malik had previously resisted amendments to petroleum policies that could attract $5 billion in investments.…
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President Vladimir Putin on Monday called for an expanded role for the BRICS bloc in the global energy dialogue as Russia looks to counter Western influence. Russia, the world’s second-largest oil exporter and home to the largest natural gas reserves, is hosting the annual Energy Week International Forum this week, which will include a meeting of BRICS energy ministers. In…
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HOUSTON: Oil prices tumbled on Friday, heading for a significant 8% weekly drop due to weaker-than-expected demand, driven by China’s slowing economic growth and shrinking refinery output for the sixth consecutive month. Brent crude futures fell by $1.69, or 2.27%, reaching $72.74 per barrel by 11:09 am EDT. Meanwhile, US West Texas Intermediate crude dropped $1.72, or 2.43%, to $68.95…
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