Cnergyico Reports Robust Growth in Annual Net Profit to Rs. 4.7 Billion After Another Strong Quarter, Despite Challenges

Spread the love

Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited), today reported financial results for the year ending 30th June, 2022. Despite the long-pending challenges in the refining sector, the company earned net revenues of Rs. 170 billion, up from Rs. 142.1 billion in FY-2021. Operating profit increased by more than Rs. 2.5 billion (before finance costs and taxation) in FY-2022. Net…

Read More

Naya Nazimabad ( NN) and National Forum for Environment has launched Urban Forest today

Spread the love

Naya Nazimabad ( NN) and National Forum for Environment has launched Urban Forest today .more than 1000 sheddy ,flowey, fruit trees will plant trees on this forest . a colorful & graceful ceremony held yesterday.commissioner karachi M Iqbal Memon inaugurated this urban forest . Samad Habib CEO NN , Saeed Ahmad CEO NN maintinance company , SM Talah President NN…

Read More

Energy Prices

Spread the love

The price of electricity has risen astronomically in Europe over the last two years: by four times over the previous year and 10 times over the last two years. The European Union (EU) has claimed that this rise in prices is due to the increase in the price of gas in the international market and Russia not supplying enough gas.…

Read More

LNG company rejects strict terms

Spread the love

Pakistan GasPort Consortium (PGPC), which operates a liquefied natural gas (LNG) terminal, has turned down the strict conditions laid down for utilising excess capacity of its terminal. PGPC’s terminal has handling capacity of 750 million cubic feet per day (mmcfd) of LNG. State-owned Pakistan LNG Limited has been allocated 600 mmcfd of capacity at the terminal, which has operated at…

Read More

Energy-fuelled inflation forces closure of industries

Spread the love

The business community has expressed dissatisfaction over management of the country’s economic affairs by the government, saying it has now become impossible for industrialists to continue their business operations. The prime concern these days for the industrialists is the energy-fuelled inflation, which is forcing many to halt operations as their business has become unviable. “No one has done more harm…

Read More

OGDCL finds gas reserves in KP

Spread the love

Oil and Gas Development Company Ltd announced on the Pakistan Stock Exchange on Monday that the TAL joint venture — in which the energy explorer has a 30 per cent working interest — has discovered gas condensate from Lockhart formation in Tolanj West-2 development well in the Kohat district of Khyber Pakhtunkhwa. Other partners in the joint venture are MOL…

Read More

PSO to set up LNG import terminal

Spread the love

Pakistan State Oil Company (PSO), which is the largest gas importer and fuel retailer, is going to build an import terminal for liquefied natural gas (LNG) at $500 million, Bloomberg News reported on Monday. The import terminal will be located near Karachi and will take four years to complete, the international news agency quoted PSO CEO Syed Muhammad Taha as…

Read More

ETRC, LONGi ink MoU for Training on Solar System

Spread the love

Energy Training and Research Centre (ETRC) and Chinese company LONGi Solar Technology Limited here Monday signed a cooperation Memorandum of Understanding (MoU) under which LONGi Solar will provide technical and financial support for conducting two-month training on Solar Photovoltaic (PV) system for power generation at the ETRC Lahore. Sharing his views as chief guest on this occasion, Country Manager (Pakistan)…

Read More

Khawaza Khela-Madyan Transmission Line of PESCO Restored

Spread the love

Khawaza Khela-Madyan Transmission Line of PESCO Restored NTDC extended support to PESCO for early completion & Restoration of power supply to flood-hit areas of Swat NTDC Headquarter WAPDA House Lahore (20 Sep 2022) The rehabilitation work on 132 kV Khawaza Khela-Madyan transmission line has been completed and power supply to the flood-hit areas of Swat (KPK) has been restored, today.The…

Read More