ISLAMABAD: The government has announced a reduction in petroleum prices, offering some relief to the public, Energy Update reported on Monday. As per the notification, the price of petrol has been decreased by Rs 2.7 per liter, bringing the new price to Rs 247.03 per liter. High-speed diesel saw a reduction of Rs 3.40 per liter, while light diesel has…
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Pakistan is undergoing a significant energy transformation. As of 2024, the country has emerged as a key overseas market for Chinese photovoltaic (PV) companies. Data from the China Photovoltaic Industry Association (CPIA) shows that Asia overtook Europe as the largest export destination for PV products in the first half of 2024, with Pakistan ranking as the second-largest module export market…
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LAHORE: A Chinese company will set up a solar panel manufacturing and assembling plant in Punjab under an agreement signed with the provincial government. Provincial Minister of Industries and Commerce Chaudhry Shafay Hussain and President of the South Pacific Region of Chinese Company AIKO, Alex Hang, signed the agreement. The minister said on the occasion that the Chinese company will…
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In a significant development , during the ongoing 8th Silk Road International Expo for investment and trade forum in Xian , Shaaxi province China, an MOU is signed between OGDCL the flagship E&P company of Pakistan and CCDC , the major player in Drilling and upstream Oil field Services of People’s Republic of China The MOU underscores commitment of both…
Read MoreFederal Minister for Petroleum Dr Musadik Malik holds round table meetings with Chinese companies Federal Minister for Petroleum Dr Musadik Malik held round table meetings with Chinese companies at Pakistan pavilion set up at the 8th Silk Route Expo in Xian, China. Leading Petroleum sector companies of Pakistan are participating in the Expo to conclude investments with the chinese companies.…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has levied a Rs10 million fine on the Islamabad Electric Supply Company (IESCO) for its failure to ensure proper earthing and grounding of high-tension and low-tension poles across its service area. In its ruling, NEPRA stated that after reviewing IESCO’s submissions, the company’s response to a show-cause notice was deemed unsatisfactory. The…
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ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has proposed a significant increase in gas transportation and distribution tariffs for the fiscal year 2024-25. The company is requesting a hike of Rs184 per MMBTU for transportation and Rs614 per MMBTU for distribution, compared to the previous year, specifically for third-party private companies that use SNGPL’s infrastructure to supply gas to bulk…
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ISLAMABAD: The Senate Energy Committee, chaired by Senator Mohsin Aziz, has highlighted significant discrepancies in the pricing of electricity generated from bagasse, citing the absence of a formal pricing mechanism. During the meeting, Senator Aziz questioned the wide range in bagasse valuations, with some plants pricing it at $356 per tonne and others as low as $75. The Chairman of…
Read MoreISLAMABAD: K-Electric (KE) has requested an additional fuel cost adjustment (FCA) of 51 paisa per unit for August, aiming to collect around Rs853 million from its consumers in the October billing cycle. This contrasts with public sector distribution companies (Discos), which have proposed a 57-paisa per unit refund for the same period. This demand follows KE’s earlier request for a…
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Dr. Musadik Malik, Federal Minister for Petroleum of Pakistan addresses China (Shaanxi)-Pakistan Conference for Economic and Trade Cooperation on the sidelines of 8th Silk Road International Expo at Xi’an Shaanxi Province, China , today . In his opening remarks , the minister thanked the Government of China and the Provincial Government of Shaanxi for partnering and organizing the conference on…
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