Month: April 2021

ISLAMABAD – The financial close for 1263 MW re-gasified liquefied natural gas (RLNG) based Punjab Thermal Power Ltd (PTPL) has been achieved. Financial closing documents of the power project to be completed at the cost of $708 million were signed here Friday by Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza, and PTPL Chief Executive Officer Akhtar Hussain Mayo. The financial closing ceremony was attended by the Federal Minister for Energy, Muhammad Hammad Azhar, Punjab Energy Minister, Dr Muhammad Akhtar Malik, Chairman PPIB/Secretary Power Division, Ali Raza…

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Karachi (UrduPoint / Pakistan Point News – 23th April, 2021) Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and Former Provincial Minister Mian Zahid Hussain on Friday said the plan to burden electricity consumers with an additional Rs.1000 billion will distress them while adding to the inflation. Coronavirus has already added to the miseries of the masses and more burden will add to their financial problems, he said.Mian Zahid Hussain said that NEPRA has started public hearings to allow Faisalabad,…

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Energy firms and financial institutions have been eyeing LNG to power projects in Asia Pacific for some time but these projects have not materialised as anticipated. Of late, however, interest in developing these projects has resurfaced. What has changed in the past several years? What are the challenges and opportunities facing these projects? This article touches on the key points discussed during our recent webinar with Ryota Kobayashi (Marubeni), Tom Wilson (Asian Development Bank), Yash Shah (Sumitomo Mitsui Banking Corporation) and Tim Fourteau (White & Case) as moderated by Paul…

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Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources. Despite plentiful reserves and a rich mining history that gave rise to elaborate Pharaonic gold jewellery, Egypt has just one commercial gold mine in operation. Foreign investment in oil and gas has grown, but mining has languished. Now, the country is banking on high gold prices and amended mining laws that scrap red tape and a profit-sharing rule, unpopular in the industry,…

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ISLAMABAD: The Privatisation Commission (PC) is to propose to the Cabinet Committee on Privatisation (CCoP) to include provincial stakes in the management contracts of power Distribution companies (Discos) as envisaged in the sell-off process. According to Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar, the issues of Hyderabad Electric Supply Company (Hesco) and Sukkur Electric Supply Company (Sepco) are being considered with reference to developing a provincial stake in their privatisation process. In this regard, he said, three different scenarios were presented for consideration of the CCoE…

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