Year: 2022

Energy-fuelled inflation forces closure of industries

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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 to Pakistan’s economy than the National Electric Power Regulatory Authority (Nepra),” remarked Lahore Chamber of Commerce and Industry (LCCI) President Mian Nauman Kabir while speaking at a press conference on…

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OGDCL finds gas reserves in KP

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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 Pakistan Oil and Gas Company (operator), Pakistan Petroleum Ltd, Pakistan Oilfields Ltd and Government Holdings Ltd. The Lockhart formation (exploratory target) was tested successfully at the rate of 8.3 million…

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PSO to set up LNG import terminal

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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 saying. The company has an understanding with a few large customers and has begun preliminary preparations for the project that will include Pakistan’s first LNG storage facility, he said. Pakistan…

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ETRC, LONGi ink MoU for Training on Solar System

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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) LONGi Solar China, Ali Majid said that LONGi Solar headquartered located in Xi’an, was professional manufacturer of high-efficiency mono-crystalline solar cells and modules. He added that LONGi Solar would soon…

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Khawaza Khela-Madyan Transmission Line of PESCO Restored

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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 NTDC spokesman said that the said transmission line is the asset of PESCO, however, on the directions of the Honourable Prime Minister of Pakistan, Mian Muhammad Shehbaz Sharif, Minister for…

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