ISLAMABAD: Pakistan Petroleum Limited (PPL) has requested Secretary Petroleum to recover Rs 6.186 billion dues from Power Division on account of Take or Pay (ToP) mechanism. In a letter to Secretary Petroleum, Managing Director/ CEO PPL, Imran Abbasy has cited the reference of para on Take-or-Pay amount before the Public Accounts Committee (PAC) and the series of meetings between PPL…
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Shell Pakistan Limited’s (SPL) share price has surged over 24% in the last three trading sessions, a rise triggered by its announcement on Wednesday that Shell Petroleum Company Limited (SPCo) intends to sell its shareholding in SPL. From Rs82.95 to Rs103.05 on Friday, the price has surged 24.23%, hitting upper locks (the maximum increase allowed by the stock exchange on any particular…
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ISLAMABAD: Pakistan and Iran have agreed to deepen cooperation in trade, energy, transport, connectivity, cultural exchanges and educational linkages. The understanding was reached during wide-ranging discussions between Pakistan’s Foreign Secretary Dr Asad Majeed Khan and Iran’s Deputy Foreign Minister Ali Bagheri Kani during the 12th round of bilateral consultations between the two countries in Tehran, Foreign Office said here Sunday.…
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On June 14-16, Intersolar Europe, a global photovoltaic event, was grandly kicked off in Munich, Germany. Solis is committed to being the most professional manufacturer of energy storage and photovoltaic inverters, demonstrating a new generation of photovoltaic energy storage solution on the spot. The full-scenario collaborative green power utilization used innovation is to break new ground. The main booth at…
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Karachi Irfan Iqbal Sheikh, President FPCCI, has apprised the media that after in-depth analysis of the federal budget 2023 – 24, FPCCI has come up with many budget anomalies; which will prove to be counterproductive if not rectified before the passage of the final version of the Finance Bill by the parliament. Irfan Iqbal Sheikh said that the most important…
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ISLAMABAD: The Senate Standing Committee on Power on Friday inquired about the permission given for the extension of contract to Kot Addu Power Company (Kapco) till October 2022. The committee, which met under the chairmanship of Saifullah Abro, questioned in what capacity the extension was granted to Kapco and why the transactions were not blocked on the expiry of its…
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Australia’s biggest coal generation company AGL Energy has added another three big batteries to its development pipeline, as it seeks to transform its energy portfolio ahead of the planned shutdown of its last two coal generators. AGL says two new batteries – a 250MW, one hour battery at Torrens Island in South Australia and a 50MW, one hour battery at…
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GoodWe, Risen Energy Australia, OSW, and Solenergy have come together in the Forever Reef project, donating a 22.5kW system with 15kW battery storage system to the World’s First Living Coral Biobank. Led by Great Barrier Reef Legacy, this initiative aims to protect coral species for future generations and combat the impacts of climate change. Inside the World’s First Living Coral Biobank As…
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KARACHI: Federal Minister for Energy Khurram Dastgir on Friday said the government would provide Rs322 billion in tariff differential subsidy (TDS) to power consumers through distribution companies (discos) across the country. Addressing a press conference along with National Transmission and Dispatch Company Managing Director Rana Jabbar, the minister said that consumers of Karachi would receive Rs171 billion in TDS via…
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ISLAMABAD: The Board of Directors (BoD) of Government Holding (Private) Limited (GHPL), the fifth largest oil and gas exploration and production (E&P) company in Pakistan, has established unique criteria for the appointment of a Managing Director. The criteria deviate from conventional norms by reducing the required experience and age by half compared to previous standards and industry counterparts. The company…
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