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Month: January 2025

German Delegation Explores Investment in Sindh’s 350 MW Solar Hybrid and Thar Coal Projects

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Karachi: A delegation from Germany met with Sindh’s Minister for Energy, Development, and Planning, Syed Nasir Hussain Shah, to discuss various investment opportunities in the energy sector. The minister provided a detailed briefing on Sindh’s energy projects, emphasizing the province’s vast resources in solar and wind energy. He highlighted that the Sindh government is actively supporting investors, leading to a…

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OGDCL Commences Oil & Gas Production from Bettani-2 Appraisal Well in Lakki Marwat, KP

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ISLAMABAD, January 31, 2025: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has successfully commenced oil and gas production from the Bettani-2 appraisal well in the Lakki Marwat district of Khyber Pakhtunkhwa. OGDCL, as the operator of the Wali Exploration License with a 100% working interest, has completed and stimulated the Kawagarh formation. The well…

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Murad orders resolution of industrialist issues, orders formation of Facilitation & coordination committee with industrialist

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• CM orders removal of encroachments,• strengthen further one window facilityKARACHI (Jan 31): Sindh Chief Minister Syed Murad Ali Shah chaired two meetings to review the progress of the Dhabeji Special Economic Zone (SEZ) and committed to addressing the concerns of industrialists through a joint `Facilitation and Coordination Committee’ to be established under him [CM].The meetings took place at the…

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New Dams to Boost Water Reserves by 10 MAF in 4-5 Years: WAPDA Chief

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Bhasha-Dam

ISLAMABAD: Chairman of the Water and Power Development Authority (WAPDA), Lt. General Sajjad Ghani (Retd.), announced that the construction of new dams will add 10 million acre-feet (MAF) of water to Pakistan’s reserves within the next four to five years. Speaking at a National Assembly Standing Committee on Water Resources meeting, chaired by Khalid Hussain Magsi, Ghani emphasized that with…

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Winter Incentive Package Boosts Power Consumption by 1.5% in December

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ISLAMABAD: The government’s three-month Winter Incentive Package led to a 1.5% increase in electricity consumption in December 2024, with an additional 226 million units consumed, including in K-Electric’s jurisdiction. This was revealed during a public hearing chaired by NEPRA Chairman Chaudhry Waseem Mukhtar on the Fuel Charges Adjustment (FCA) for December 2024. The Central Power Purchasing Agency-Guaranteed (CPPA-G) has proposed…

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SNGPL Calls for Policy Review on Third-Party Indigenous Gas Sales in RLNG Areas

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SNGPL-Office

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has urged the Petroleum Division to review the policy allowing third parties to sell indigenous gas in RLNG-designated areas, arguing that all available and upcoming indigenous gas should be allocated to gas utilities to ensure affordable tariffs for the public. In a letter to the Petroleum Division, SNGPL highlighted that the current policy…

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KSA, Pakistan Continue Negotiations on Reko Diq Stake

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Reko-Diq

ISLAMABAD: Pakistan and the Kingdom of Saudi Arabia (KSA) are still working to finalize key details regarding the 15% stake in the Reko Diq copper and gold project in Balochistan, sources told Business Recorder. The Reko Diq Mine is currently 50% owned by Barrick Gold, while the Government of Pakistan holds 25% through state-owned enterprises (GHCL, OGDCL, and PPL). The…

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Govt Revises Tariffs with 14 IPPs, Secures Rs813 Billion in Savings

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ISLAMABAD: The government has successfully renegotiated tariffs with 14 Independent Power Producers (IPPs), securing Rs813 billion in savings for consumers and addressing circular debt amounting to Rs329 billion. As part of the agreement, the IPPs have agreed to return Rs31 billion in excess profits, a reduction from the initial Rs55 billion claim. Additionally, the government has decided to close investigations…

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Power Consumers May Get Rs1.03 Per Unit Relief as NEPRA Reviews Fuel Cost Adjustment

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New-NEPRA

ISLAMABAD: Electricity consumers are poised to receive a relief of Rs1.03 per unit under the fuel cost adjustment (FCA) for December 2024, pending approval by the National Electric Power Regulatory Authority (NEPRA). During a public hearing, the Central Power Purchasing Agency-Guarantee (CPPA-G) highlighted that seasonal adjustments had contributed to lower electricity prices. However, the prolonged shutdown of the 969MW Neelum-Jhelum…

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Govt Seeks to Integrate Captive Power Plants into National Grid with SLAs

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New-Project32

ISLAMABAD: In an effort to absorb surplus electricity capacity and enhance industrial reliance on the national grid, the Power Division has directed all public and private electricity distribution companies to sign Service-Level Agreements (SLAs) with captive power plant (CPP) consumers. The initiative aims to ensure a stable, high-quality power supply to industries while holding distribution companies accountable for reliability standards.…

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