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Privatisation of Three DISCOs Progresses Toward 2025 Deadline

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Power genration

ISLAMABAD: The government is accelerating efforts to privatize three power Distribution Companies (DISCOs)—Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Supply Company (FESCO)—with the goal of completing the process by the end of 2025. According to Minister for Power Sardar Awais Ahmad Khan Leghari, the Financial Advisor (FA) will structure the transaction based on completed…

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KAPCO Welcomes Shahab Qader as New CEO

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Shahab-Qader

Lahore, December 30, 2024: The Board of Directors of Kot Addu Power Company Limited (KAPCO) has announced the appointment of Mr. Shahab Qader Khan as the Chief Executive Officer (CEO) for a term of three years. His tenure will officially commence on January 22, 2025, and conclude on January 21, 2028. This decision underscores the company’s commitment to fostering strong…

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Construction of Pakistan’s Largest Nuclear Power Plant Begins Today

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Power-Plant

Islamabad – The construction of Pakistan’s largest nuclear power plant, provided by China, is set to commence today. The plant, located at Chashma, is expected to start producing 1,200 MW of nuclear electricity by 2030. A ceremonial First Concrete Pour (FCP) event for the Chashma Nuclear Power Plant Unit-5 (C-5) will take place today, with Federal Minister for Planning, Development,…

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Chenab River: India’s Emerging Power Corridor

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Chenab-River

The Chenab River is rapidly transforming into India’s hydroelectric power corridor, with over 70 hydropower projects in various stages of development. The electricity generated from these projects is expected to surpass the combined output of Pakistan’s Mangla and Tarbela dams. India has already completed 11 dams on the Chenab River, including the Salal and Baglihar Dams. Recently, construction has begun…

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SIFC Sets January 2025 Deadlines for Petroleum Division’s Bidding and Policy Updates

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SIFC-SSGC

ISLAMABAD: The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has issued directives to the Petroleum Division to expedite the ongoing bidding processes and policy adjustments. Key timelines have been established to ensure streamlined operations and strategic advancements. Bidding Timelines and Marketing InitiativesThe Petroleum Division has been tasked with finalizing the ongoing bidding process by January 10, 2025.…

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Diesel Prices Likely to Rise as New Year Approaches

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Petrol-oil

ISLAMABAD: As the global oil market trends upward, the prices of high-speed diesel (HSD), kerosene, and light diesel oil (LDO) are expected to increase by approximately Rs4 to Rs5 per litre starting New Year’s Eve. This adjustment will apply for the first fortnight of 2025, according to informed sources. Conversely, petrol prices are projected to remain relatively stable, with a…

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MD PPL discusses key development and Community Uplift Initiatives with CM Balochistan

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New-PPL

Mr. Imran Abbasy, Managing Director and CEO of Pakistan Petroleum Limited (PPL) met Chief Minister (CM) Balochistan Mir Sarfraz Bugti at the CM House in Quetta on October 18 to discuss crucial matters related to resource exploration and community development in the province. During the meeting, Mr. Abbasy outlined PPL’s strategic plans for hydrocarbon exploration and mining in Balochistan, including…

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WB Urges Increased Budget for Tarbela 5th Extension Hydropower Project

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Hydropower

ISLAMABAD: The World Bank has called on the government to increase budget allocations for the Tarbela 5th Extension Hydropower Project (T5HP) during the mid-year budget review, citing a significant shortfall in rupee cover requirements. In a letter to Economic Affairs Division (EAD) Secretary Dr. Kazim Niaz, World Bank Country Director Najy Binhassine commended the satisfactory progress of T5HP, despite challenges,…

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Power Sector’s Delayed Payments Push LPS on GDS to Alarming Rs76.4 Billion

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Power-sector

ISLAMABAD: The Late Payment Surcharge (LPS) on Gas Development Surcharge (GDS) owed by power companies to gas utilities, including PPL, MPCL, and SNGPL, has surged to an alarming Rs76.4 billion, according to a report by the Directorate General of Gas (Petroleum Division). The Gas Development Surcharge, governed by the Natural Gas (Development Surcharge) Ordinance, 1967, represents the margin between the…

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Sharif Orders Uninterrupted Winter Gas Supply to Domestic Consumers

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gas-shortage

ISLAMABAD: Prime Minister Shehbaz Sharif has directed authorities to ensure uninterrupted gas supply to domestic consumers during the winter season, emphasizing it as a top government priority. The Prime Minister’s Office (PMO) issued a notice following a review meeting on the country’s gas supply. Taking note of complaints regarding reduced gas availability, the prime minister stressed the need for structural…

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