ISLAMABAD: K-Electric (KE) has expressed willingness to become partner in 3,000-MW Renewable Energy (RE) project of Saudi company M/s ACWA, which requires Government to Government (G2G) arrangement between Pakistan and Saudi Arabia. In response to a letter of Power Division of August 24, 2023, wherein the KE has been requested to provide its views with regard to the Expression of…
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Dasu transmission line: NTDC asked to stop release of remaining payments
ISLAMABAD: The Senate Standing Committee on Power has asked National Transmission and Despatch Company (NTDC) to stop remaining payment of all contractors and consultants of 765-kV double circuit transmission line of Dasu Hydropower station. The Standing Committee headed by Senator Saifullah Abro has also submitted its report to Chairman Senate Sadiq Sanjrani who directed the former to also share it…
Read MorePower Division shares CDMP with IMF, World Bank
Official argues average tariff will remain Rs 42 or Rs 43 per unit as no substantial variation is expected in estimates of CDMP ISLAMABAD: The Power Division has shared the Circular Debt Management Plan (CDMP) with the International Monetary Fund (IMF) and the World Bank, which became the base for revision in base tariff including impact of Quarterly Tariff Adjustments…
Read MoreCrackdown against gas pilferers continues
LAHORE: In a continued effort to combat gas theft, Sui Northern Gas Pipelines Limited (SNGPL) conducted raids in Punjab, Khyber-Pakhtunkhwa (K-P), and Islamabad, resulting in the disconnection of 163 illegal connections and the imposition of fines totalling Rs4.2 million. In Peshawar, the company disconnected 32 connections due to the direct use of gas and illegal connections, with a fine of…
Read MoreDiscos set to squeeze Rs30bn more from users
• Seek Rs1.83 per unit increase in Oct bills under fuel cost adjustment; lifeline, protected domestic consumers will be exempted• Rise sought even though 74pc of power generation in Aug attributed to cheaper fuels ISLAMABAD: Despite the nearly 26pc increase in annual base tariff already in place, and about 18pc quarterly adjustments in the approval process, there appears to be…
Read MoreOGDCL Announces Major Gas Discovery at Chak 214-1 Exploratory Well in Mari East Block, District Rahim Yar Khan, Punjab
ISLAMABAD, September 19, 2023: The Oil & Gas Development Company Limited (OGDCL), serving as the sole operator of the Mari East Block (100%), on Tuesday announced a significant gas discovery at the Chak 214-1 exploratory well, located in the Rahim Yar Khan district of Punjab province.Chak 214-1 well was spudded in on June 29, 2023, as an exploratory well, as…
Read MoreMinister for Energy Stresses to address the Concerns of Pakistan Business Council
Interim Minister for Energy Muhammad Ali held a comprehensive meeting with a delegation of Pakistan Business Council at power Division today. Issues related to the industrial tariff and green energy options came under discussion in the meeting. The minister acknowledged the fact that the industry is the backbone of the country and to enhance its potential, the issues needs to…
Read MoreCheaper energy can spur economic growth: Nepra
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar on Monday said that promoting energy affordability for the export sector through regionally competitive tariffs was a critical factor in boosting economic growth in current challenging times. Addressing the Pakistan Energy Conference jointly organised by the Sustainable Development Policy Institute (SDPI) and Eventive Solutions, he said other critical factors were…
Read MoreAustralia LNG workers begin 24-hour strike
SYDNEY: Australia’s Offshore Alliance union said on Saturday workers had begun a 24-hour strike at Chevron’s liquefied natural gas (LNG) plants in western Australia, as part of a ramp-up in industrial action that could see strikes extended until mid-October. The full strike comes after workers on Thursday escalated what had been six days of limited action. Until the end of…
Read MoreAmid rupee devaluation: Foreign-funded, dollar-indexed power generators jolt Pak energy sector
ISLAMABAD: The US dollar-indexed power generators which are mostly privately owned and foreign-funded have caused turmoil in Pakistan’s power sector. Coupled with the devaluation of the rupee, the situation highlights the potential relief that could have been attained had these projects been financed domestically. Remarkably, Re-gasified Liquefied Natural Gas (RLNG)-based power generation in foreign-funded projects proved to be the most…
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