Year: 2023

SSGC seeks hike amid Rs47b shortfall

Admin
SSGC

Additional increase draws criticism from industries KARACHI: In a bid to offset a staggering shortfall of Rs47.77 billion in its revenue from the sale of indigenous gas during the current fiscal year 2023-24, Sui Southern Gas Company Limited (SSGC) has approached the Oil and Gas Regulatory Authority (Ogra), seeking approval for an additional increase of Rs266.18 per mmbtu in end-consumer tariffs, slated to take effect from July 1, 2023. At a public hearing on Monday, SSGC appealed to Ogra, asking for approval for this supplementary tariff increase, in addition to…

Read More

Millat Group keen on acquiring Hascol

Admin
Hascol-Petroleum

KARACHI: Troubled oil marketing company Hascol Petroleum Ltd said on Monday that Millat Energy Group is interested in buying 76 per cent of its “fully diluted share capital” through a subscription of new shares. Fully diluted share capital reflects the total number of sha­res a company would have if all outstanding options and other rights to subscribe for — or conv­ert into — shares were exercised. The latest disclosure by Hascol Petroleum follows its longstanding search for a potential investor that can inject fresh cash as part of a larger…

Read More

Pakistan’s Green Presidency targets 42.5% energy cut at Aiwan-e-Sadr: President

Admin

December 18, 2023 (MLN): The Green Presidency of Pakistan is a flagship initiative that is expected to lead to a 42.5% reduction in energy usage at Aiwan-e-Sadr, equivalent to a decrease of 3,144 tonnes of greenhouse gases or the planting of 142,090 mature trees, the president, Arif Alvi said while addressing an event at Aiwan-e-Sadr. The president highlighted that transitioning to renewable energy sources, improving energy efficiency, and reforestation are key to curb the adverse impacts on the planet’s climate and ecosystems. He said the modern world with changing priorities and…

Read More

3rd International Conference will be held on Pakistan Hydropower on Dec 20th

Admin
hydropower

Islamabad: Islamabad is gearing up to host the 3rd International Conference on Pakistan Hydropower, a global gathering of energy experts organized by The Energy Update in collaboration with the Private Power Infrastructure Board (PPIB) and the International Hydropower Association (IHA). Scheduled for December 20, the conference carries the theme “Hydropower: A Renewable Energy Source for a Sustainable Future,” promising pivotal discussions that could shape the trajectory of clean and sustainable power in the region, according to Chairman of the Organization Committee, Naeem Qureshi.Qureshi emphasized that the conference is not merely…

Read More

MoST all set to disband PCRET

Admin
solar-energy

ISLAMABAD: The Ministry of Science and Technology (MoST) has prepared a plan to abolish Pakistan Council of Renewable Energy Technologies (PCRET) as an entity and transfer all its assets, budget and resources to National University of Sciences and Technology (NUST), official sources told Business Recorder. Sharing the details sources said in pursuance of the decision of the 5th meeting of the Apex-Committee of the Special Investment Facilitation Council (SIFC) held on September 8-9, 2023, the Ministry of Science & Technology (MoST) is working to chalk out a strategy to revamp or…

Read More