Month: July 2022

In a bid to boost the renewable energy sector, the government will announce a national solar energy policy on August 1. The implementation of the policy will be subject to the approval of the Council of Common Interests (CCI). The development came during a meeting of the Energy Task Force, which was held on Thursday in Islamabad, under the chairmanship of Prime Minister Shehbaz Sharif. During the meeting, it was decided that the Prime Minister’s House and the Prime Minister’s Office will be shifted to solar power on an emergency…

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LPG plant, which has not been functioning for several years, to meet the domestic gas demand. According to the presentation, rampant cutting of trees was observed not only in Balochistan, but also in Murree, Khyber Pakhtunkhwa, Gilgit-Baltistan and even in Islamabad. It informed the authorities that the LPG policy by the government has linked the price of LPG with the contract price of Saudi Aramco and on top of it charging 17 percent general sales tax (GST) and Rs4,669 per ton petroleum development levy (PDL), which has made this product…

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Amid cou­n­trywide electricity shortages, the 969-megawatt Neelum-Jhelum hydro­power project, completed at an estimated approved cost of about Rs508bn, has been closed due to major cracks in its tailrace tunnel. “Neelum-Jhelum is unfortunately offline. Details of its suspension or fault have not been concluded yet,” Power Minister Khurram Dastgir Khan confirmed at a presser, adding that thorough investigations were currently under way of all its channels, which are deep and long, some of them under huge mountains. The project’s construction was taken in hand in 2002 after 21 years of delay…

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Oil production declined three per cent year-on-year in 2021-22 to 73,420 barrels per day (bpd). Lower production from Nashpa, Adhi and Makori East oil fields besides no addition of any sizable oil field led to the annual decline in oil production, according to Topline Securities analyst Mehroz Khan. Similarly, gas production went down 2pc year-on-year to 3,388 million cubic feet per day (mmcfd) which is largely in line with the five-year average production decline. Despite a flurry of discoveries in recent months, the country’s oil and gas production has been…

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The China Power Hub Generation Company (Pvt.) Ltd (CPHGC) has sought the required funds for import of coal from Afghanistan as a deal is expected to be signed on Wednesday (today) and delivery will start from July 10, 2022. This was conveyed by Chief Executive Officer (CEO) CPHGC to CEO, CPPA-G on the proposed plan and progress to import coal from Afghanistan as per special instructions of Pakistan government. CPHGC is one of the CPEC coal-fired power projects with 1,320-MW of gross capacity. CPHGC supports the vision of the GoP…

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