Author: Admin

OGRA Proposes Up to 26% Hike in Gas Tariffs to Address Circular Debt

Admin
Gas-Tariffs

ISLAMABAD: The Oil & Gas Regulatory Authority (OGRA) has recommended an increase of up to 26% in gas tariffs to generate approximately Rs847.33 billion during the current fiscal year. The proposal, forwarded to the federal government on Tuesday, aims to recover the full cost of gas and address the growing circular debt in the energy sector. For Sui Northern Gas Pipelines Limited (SNGPL) consumers in Punjab, Khyber Pakhtunkhwa, and other northern regions, OGRA suggested a price hike of Rs142.45 per million British thermal units (MMBTU), raising the average rate to…

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Sindh govt drives Technological and Economic Empowerment with PITP and CRAIB

Admin
sindh goverment

SUKKUR (Dec 17): In a significant effort to promote technological innovation and economic empowerment, the Sindh Government, in collaboration with Sukkur IBA University, celebrated two transformative initiatives: the People’s Information Technology Programme (PITP) and the establishment of the Centre of Excellence in Robotics, Artificial Intelligence, and Blockchain (CRAIB). This was stated by Sindh Chief Minister Syed Murad Ali Shah while speaking at the inaugural ceremony of the Science Lab and Creative Art Centre at the IBA Campus. He added that these programs underscore the provincial government’s commitment to uplifting communities,…

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Fatema Al Nuaimi Appointed as CEO of ADNOC Gas

Admin
Abu Dhabi National Oil

DUBAI, Dec 17 (Reuters): ADNOC Gas, the gas subsidiary of Abu Dhabi National Oil Company (ADNOC), has announced the appointment of Fatema Al Nuaimi as its new Chief Executive Officer, effective January 1, 2025. Al Nuaimi succeeds Ahmed Alebri, who is stepping down after nearly two years of leadership. Al Nuaimi, a seasoned energy industry professional, will oversee the implementation of ADNOC Gas’s ambitious business strategy, focusing on enhancing operational efficiency, expanding market presence, and driving sustainable growth. Her appointment underscores ADNOC’s commitment to fostering Emirati leadership and empowering women…

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Canal Closures from Dec 26: Power Sector to Rely on RLNG for Electricity Generation

Admin
Power Sector

ISLAMABAD: The Indus River System Authority (IRSA) has announced canal closures from December 26, 2024, to January 30, 2025, to facilitate desilting operations in Punjab and Sindh’s irrigation networks. During this period, hydroelectric power generation will drop significantly, from the current 3,550 MW to less than 1,000 MW, due to reduced water releases from dams, according to the Ministry of Water Resources. To address the resulting power deficit, the Power Division will increase reliance on RLNG-based power plants. This shift will help stabilize the national gas transmission network by utilizing…

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Cost of Diamer-Bhasha Dam Rises by Rs570 Billion, Completion Delayed to 2032

Admin
water resources

ISLAMABAD: The Ministry of Water Resources informed the National Assembly on Monday that the cost of the Diamer-Bhasha Dam has surged to Rs1,049 billion, a sharp increase from the initially approved Rs479 billion. The dam’s completion, originally scheduled for February 2029, has been pushed to December 2032—a 22-month delay. During the question hour, the ministry attributed the cost escalation to various factors, including: Exchange Rate Impact: The dollar exchange rate increased from Rs105.3 in 2018 to Rs278.3, contributing Rs178 billion to the revised cost.Seismic Safety Enhancements: Design changes based on…

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