President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the country will witness a serious gas crisis soon which is resulting in sleepless nights for investors. The successive governments have not done enough to balance supply and demand for gas over the last decade which has make crisis…
Read More
Karachi’s largest electric utility provider K-Electric has said that it experienced an attempted cyber-incident earlier this week. The power company in a statement said all critical customer services including bill payment solutions and 118 call-centre are operational and fully functional, to ensure the integrity of our systems, as a precautionary measure, we have isolated few non-critical services. As such customers…
Read More
ISLAMABAD: The International Monetary Fund (IMF) has again turned up the pressure on Pakistan, asking it to increase power and gas tariffs for the revival of the stalled $6 billion programme. The global lender has contacted Pakistani authorities to convey its demands, sources said on Thursday. The sources added that the IMF had called for measures to reduce circular debt…
Read More
ISLAMABAD: The Power Division is seeking exemption from guaranteed liquefied natural gas (LNG) offtake for three power plants, a move that may aggravate woes of LNG suppliers and hurt gas imports from Qatar. Since Pakistan started importing LNG from Qatar in 2015, the Pakistan Muslim League-Nawaz (PML-N) has been facing criticism from different quarters for striking a long-term LNG deal at…
Read More
ISLAMABAD: The government on Thursday decided in principle to close down about 2,900 megawatts of government-owned old power plants in two phases and get rid of ‘must-run’ status of three LNG-based plants in Punjab of about 3,900MW. Under the decision, various units of about 1,400MW at four generation companies of ex-Wapda would be closed down immediately, followed by another 1,500MW…
Read More
As the city and adjoining districts are in the grip of scheduled and unscheduled load shedding, the Ministry of Water and Power says the system’s stability [in Lahore] is in trouble” – a leading Pakistani newspaper headline in 2017. In 2017, Sahiwal Coal Fired Power Plant (CFPP) was connected to the national grid in an in & out arrangement at…
Read More
Dubai: Make good use of a landfill – Sharjah’s Bee’ah confirmed it will convert 47 hectares into a solar energy facility once the area is capped. The project is set to generate more than 42 megawatts of energy per year. In the first phase of the project, the landfill area will be converted into 270,565 square metres of solar area…
Read More
The challenges in the energy sector of Pakistan have always been of great significance. The energy demand in Pakistan is increasing by the rate of 11 to 13 percent each year. The requirement of energy for Pakistan was once 57.6 million tons of oil equivalents but it is estimated that by the end of 2025 it will reach more than…
Read More
ISLAMABAD: Andrew Forrest, Chairman of Australian company Fortescue Metals Group Ltd, has expressed a keen interest in making investments in Pakistan’s renewable energy sector and green industry. In a meeting with Prime Minister Imran Khan on Monday, Forrest said the investment by Fortescue Group would help create employment opportunities for Pakistanis, besides introducing new technology solutions for a host of industries.…
Read More
ISLAMABAD: The National Accountability Bureau’s (NAB) Executive Board on Wednesday approved four separate investigations into Khyber Pakhtunkhwa’s Billion-Tree Tsunami Project, a spokesperson for the anti-graft buster said. According to the spokesperson, the anti-corruption watchdog also approved six separate inquiries into the project. The decision was taken in a meeting presided over by NAB Chairman retired Justice Javed Iqbal. The meeting…
Read More
