Category: Recent Post

Engineering feasibility study and the environmental impact assessment of 300-megawatt Balakot hydropower development project have been completed to get the project into the next phase of construction, The News learnt on Tuesday. Hagler Bailly Pakistan and a Portuguese engineering consultancy AQUALOGUS in association with Zeeruk International Pvt. (Pakistan) carried out the preparatory works of the project located on the Kunhar river, a tributary of the Indus River, in the Mansehra district of Khyber Pakhtunkhwa. Asian Development Bank (ADB) in March approved $300 million loan for the project estimated to cost…

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The Pakistan Petroleum Limited (PPL) has made a maiden offer to sell 3mmscfd (million standard cubic feet per day) wellhead raw gas from its Naushero Feroz Block for sale to the third party, an official document suggested. The NF Hor-1 well is one of the deepest and longest horizontal wells in tight gas reservoirs drilled in Pakistan. It is also the country’s first well to be completed with 10-stage multi-frack. PPL made a tight gas discovery at NF X-1 in 2014; followed by an extensive in-house geological and geophysical studies…

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Circular debt, a very heated debate among economists of Pakistan, is becoming a colossal issue on every coming day. It is cross-indebtedness of parties in the energy supply chain, a situation in which every party in the circle is both a debtor and a creditor owing to the cash recovery problems of the party lying at the bottom of the hierarchy, which ultimately propagates upwards in the payment chain to other parties. Presently, the circular debt has soared to more than Rs2.3 trillion. The country faced its crippling power crisis…

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In the wake of worsening gas crisis in the country, Sui Southern Gas Company (SSG) on Monday announced to suspend gas supply to Compressed Natural Gas (CNG) filling stations across Sindh for an unidentified period from 22nd of June, ARY News reported. According to a spokesperson of Sui Southern Gas Company (SSG), gas supply to CNG stations in Sindh will be suspended for an unidentified period on the directions of the federal government from tomorrow. On the other hand, All Pakistan Petroleum Retailers Association’s office-bearer Sumair Najmal Hussain confirmed that…

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Dulce Ortiz teared up during a virtual press conference as she recalled the family dinners and birthday celebrations she’s missed because of her dedication to the seemingly endless campaign to close the coal-fired power plant in Waukegan, Illinois. The surprise announcement on June 17 that the plant will close in 2022 was bittersweet for Ortiz and other members of the group Clean Power Lake County. It came just after a sweeping state energy bill yet again failed to pass, leaving in doubt “just transition” provisions that Waukegan residents say are…

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