Author: Admin

Government Plans to Apply Disco Tariffs for Special Economic Zones

Admin
European-electricity

ISLAMABAD: The government is considering a proposal to provide electricity to Special Economic Zones (SEZs) at the same rates applicable to power Distribution Companies (Discos) and K-Electric (KE), sources told Business Recorder. This move, however, would conflict with the government’s commitment to the International Monetary Fund (IMF) to eliminate concessional tariffs for industries and refrain from granting new fiscal incentives to SEZs. The Board of Investment, in collaboration with SEZ authorities and the Special Investment Facilitation Council (SIFC), recently completed a comprehensive survey of SEZs. Based on the findings, an…

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Finance Ministry Opposes Legalisation of Revenue-Based Load Shedding

Admin
Load-shedding

ISLAMABAD: The Ministry of Finance (MoF) has expressed reservations over the Power Division’s proposal to legalise revenue-based load shedding, arguing that the plan lacks sufficient data to justify its economic benefits, according to sources cited by Business Recorder. Currently, power Distribution Companies (Discos) and K-Electric (KE) enforce economic load shedding as per the Power Division’s policy, which lacks legal backing from the National Electric Power Regulatory Authority (Nepra). Nepra’s Chairman, Ch Waseem Mukhtar, recently declared revenue-based load shedding illegal, suggesting the government should either cease the practice or amend the…

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Power Generation Drops 6.4% as Energy Mix Shifts and Demand Slows

Admin
Power-Project

KARACHI: Power generation in Pakistan dropped by 6.4% to 12,487 gigawatt-hours (GWh) in September, compared to the same month last year. The decline was driven by rising energy costs, an increase in off-grid solar power production, and weakening demand from struggling industrial sectors. This reduction in demand for national grid power is expected to raise the capacity payment burden on consumers, further increasing electricity costs. Despite government efforts to lower power prices through reforms and ongoing negotiations with Independent Power Producers (IPPs), the burden persists. Nuclear power generation fell sharply…

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OGDCL Announces Major Gas Discovery in Khairpur, Sindh

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Gas-Discovery

The Oil and Gas Development Company Limited (OGDCL) has announced a significant gas discovery at the Shahu-1 exploratory well in the Sawan South Block, located in Khairpur, Sindh. The discovery is part of a joint venture, with OGDCL holding a 20% working interest, United Energy Pakistan Limited (UEPL) at 75%, and both Government Holding Private Limited (GHPL) and Sindh Energy Holding Limited (SEHL) each holding 2.5%. The Shahu-1 well is projected to produce approximately 10 Million Standard Cubic Feet per Day (MMSCFD) of gas. This discovery not only de-risks further…

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OGDCL Wins Corporate Excellence Award 2024

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OGDCL-Awards

The Oil and Gas Development Company Limited (OGDCL) has secured the prestigious Corporate Excellence Award 2024 in the Oil and Gas Exploration category. The accolade, organized by the Management Association of Pakistan (MAP), highlights OGDCL’s outstanding management practices and unwavering commitment to operational excellence in the energy sector. Mr. Javed Raza Soomro, General Manager (Production) at OGDCL, received the award on behalf of the company during a ceremony held in Karachi. The event was graced by the presence of Chief Minister Sindh Murad Ali Shah and Governor Khyber Pakhtunkhwa Faisal…

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